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The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.

 

-F.A. Hayek

Central Planning | Decentralization | Economics | Hubris | Ignorance
Ersatz

Ersatz

is a product or creation made or used as a stand in substitute, typically inferior, for something else. Tiki Drinks, Non-dairy Creamer, Bouillon Cubes, & War Sausage.

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