> _“A friend told me recently that central planning of the economy could actually, finally, work this time, today or in the near future, because increasing computing power means that #Hayek’s “knowledge problem” is gone. (I remain sceptical.)”_
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The irreducible question that will determine the future (or lack thereof) of #blockchains, #cryptocurrencies, #DAO’s, #web3 and even #chartercities...
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@tripu
A computer cannot plan the economy.
It doesn't matter how powerful it is, you have to take some political decisions which the computer cannot take.
Is it more appropriate to give a car to everyone or to produce only a few luxury cars or a mix of the two?
There's no way a computer can answer this question.
That said, it could definitely help the people taking those decisions to have a system that could show them what's possible and what the outcomes of certain decisions would be.
