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Elon Musk @elonmusk - Prices are critical information without an economy cannot function
Quote:
Rothmus @Rothmus
Video: As a young socialist, Hayek read Ludwig von Mises’ 1920 paper “Economic Calculation in the Socialist Commonwealth.”
Mises showed that socialist central planning isn’t merely inefficient, it’s impossible.
Without private property and genuine market prices, planners lack any rational way to allocate scarce resources or determine real costs and needs.
Even Oskar Lange, a leading socialist in the calculation debate, effectively conceded the point.
While he promoted “market socialism” with trial-and-error pricing by a central board, real-world socialist planners in Eastern Europe quietly relied on world capitalist market prices as a guide.
Without external free-market price signals, pure socialism would be economically blind and coordination would collapse.
Mises went further, arguing that interventionism, the “middle way” of government meddling, is inherently unstable.
Each intervention creates problems that invite more interventions, eventually leading to full socialization.
Price controls cause shortages, subsidies distort production, and the cycle continues until the economy is fully planned.
The lesson is clear.
Rational economics requires genuine market prices emerging from voluntary exchange and private property.
Half-measures don’t stabilize the system. They accelerate the drift into central planning.
The Austrian School understood this decades before the collapse of the Soviet bloc proved it in practice.
https://x.com/elonmusk/status/2059576661562257627
The Emmys @TheEmmys - The #NewsEmmys Noms for Live Breaking News Coverage are:
- American Eagle Helicopter Crash | @TODAYshow
- Charlie Kirk Assassination (@CBSNews)
- Gaza Peace Deal & Israeli Hostage Release (@NBCNews)
- New Orleans Terror Attack (@NBCNews)
- U.S. Army's Grand Military Parade (@ABC)
https://x.com/TheEmmys/status/2041508793192779845
The Emmys @TheEmmys - The #NewsEmmys Nominees for Recorded News Program are:
- ABC News Nightline (@ABC)
- @CBSSunday Morning (@CBSNews)
- Trafficked with @MarianaVZ (Muck Media)
- The Whole Story with @andersoncooper (@CNN)
https://x.com/TheEmmys/status/2041507786320982448
The Emmys @TheEmmys - The #NewsEmmys Nominees for Recorded News Special are:
- @ABCNewsLive | The Struggle For Food Assistance
- ABCNewsLive | The Children of Gaza
- Hurricane Katrina
- Whole Story w/ Anderson Cooper | LA Burning (@cnn)
- Whole Story w/ @andersoncooper | The United States vs. Harvard
https://x.com/TheEmmys/status/2041507534683688991
The Emmys @TheEmmys - #NewsEmmys Noms in Interview – Long Form:
- Epstein Survivors Speak Out | @ABCNewsLive
- Eric Dane Speaks (@ABC)
- Finland's President | @flacqua (@bbgoriginals)
- Lori Vallow Daybell (@DatelineNBC)
- Zelenskyy Interview (ABC)
- Why Young Men Don't Like Democrats (@MorePerfectUS)
https://x.com/TheEmmys/status/2041506779666722977
The Emmys @TheEmmys - The #NewsEmmys Noms for Interview – Short Form:
- CNN sits down with Hamas (@CNN)
- Elon Musk | @CBSSunday (@CBSNews)
- Interview w/ Araghchi (@NBCNews)
- Interview w/cLavrov | Meet the Press (@NBCNews)
- Pennsylvania governor speaks (@GMA)
- So I Raped You | @Nightline (@ABC)
https://x.com/TheEmmys/status/2041506527882735634
The Emmys @TheEmmys - #NewsEmmys Noms - News Discussion & Analysis:
- Burn Order Community Event (@MSNOWNews)
- Deport Them All (@MorePerfectUS)
- The history of slavery (@CNN)
- They Were The Watchdogs (@nytimes)
- Truth Under Fire (@GBH)
- @washingtonweek (PBS News)
- We Followed the Rules (nytimes)
https://x.com/TheEmmys/status/2041506276166025264
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