Published on Jan 20, 2020source: ENTERPRISE RADIOIn an article published in 1945, Friedrich Hayek pointed out a centrally planned economy would never beat the efficiency of a decentralized economy. Knowledge is unevenly dispersed among different members of society and a single agent only holds a small fraction of the total knowledge. As a result, decisions are best made by those with local knowledge rather than by a central authority. What if individuals have their own opinions? What if peopl...