Tuesday, May 12, 2009

On Resource Allocation

I like this sentence from today's Wall Street Journal:

"But you can only allocate a scarce resource in two ways: market prices or brute force."

Is there another way?
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1 comment:

  1. Denis Navratil6:44 AM

    Would the silence here be an admission from our lefty friends that they prefer brute force over free markets?

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