Dust Off Your Econ 101 Notes
The first lesson in almost every introductory microeconomics course is 'Consumer Choice,' how an individual will decide how much of his resources he'll devote to what good based on his preferences. Central planning corrupts that, restricting individual freedom and creating scarcity of goods and distortion of prices. It likewise breeds a climate for corruption, favoritism, fraud and waste. Perhaps the meddling grandees with Ph.D.s should review their Econ 101 notes.
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