Mar 23, 2020

Jeffrey Tucker on the knowledge of the marketplace

What is brought to bear in all of this is the knowledge, experience, informed judgments, and insightful hunches of all the individual participants of the entire global system of division of labor in the worldwide marketplace of goods and ideas. If, as the saying goes, two heads are better than one, then surely 7.7 billion heads are better than all of the best minds of the relative handful of those in government who would presume to know how to “get things done” in better and more balanced ways than when all those billions of minds are set to work through the motive of profit and the avoidance of loss in attempting to improve one’s own circumstances.

~ Jeffrey Tucker, "Leaving People Alone is the Best Way to Beat the Coronavirus," AIER.org, March 23, 2020

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