praxeologist on Nostr: Big data won't make central planning feasible. Central planning's challenge was ...

Big data won't make central planning feasible. Central planning's challenge was predicting the future since knowledge emerges from individual actions. Claiming Big Data can eliminate the need for individual actions is exactly claiming “I can build a time machine and travel to any point in a constant range of time.” Now think about:

1) your delusions of grandeur
2) the world at that time
3) the consequences of such a claim.

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