[alanwatts]

I read the first bit of Mises theory, which is full of fallacy from the start:

>The problem referred to is that of how to distribute resources rationally in an economy. The free market solution is the price mechanism, wherein people individually have the ability to decide how a good or service should be distributed based on their willingness to give money for it.

This is a catch-22. Normal people are given a highly limited amount of money, the supply of which is arbitrarily dictated by a handful of bankers. So the ultimate power of setting prices lies with them. This is explicitly outlined as one of the three main objectives of the Federal Reserve: maintaining stable prices.

>The price conveys embedded information about the abundance of resources as well as their desirability which in turn allows, on the basis of individual consensual decisions, corrections that prevent shortages and surpluses;

If this were true, there wouldn't be 4-6 empty houses for every homeless person, or starving people when vast surpluses of food exist around the corner. There is no such thing as a "free market" and yet the ideology of one persists as a way to prevent any such innovation.