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Monday, April 27, 2009

Thomas Sowell - Quote from Economic Facts and Fallacies pg 48

"It is as misleading to speak of 'planned' and 'unplanned' communities as it is to speak of planned versus unplanned economies. In both cases, individuals and enterprises making decisions independently of government officials do not behave randomly or chaotically but plan just as much as any planning commission.

What government planning means in practice is the suppression of individual plans and the imposition of a politically or bureacratically determined collective plan instead."

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