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Planning

Today's Wall Street Journal has an essay by John Stossel that discusses the inevitability of failure when one tries to plan the actions of human beings.  He provides a beautiful example of this with an attempt to control the activites on a skating rink.  Once again the power of the spontaneous order that human action achieves when free of central planning is demonstrated.  This theory, whose foremost proponent was the late Nobel Laureate, Friedrich Hayek, states that the market by virtue of individual choices will spontaneously order itself.  It is this action that allows individual humans to achieve greatness, as long as they are free an unimpeded by central planning.

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