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by dodobirdlord 2464 days ago
> That magic wand is called public policy.

Public policy doesn't exempt resources from economic forces, it's just a mechanism to divert resources from one area to another. It just allows you to fudge a little bit, push resources here and there. The Soviet Union eventually collapsed because towards the end for all their fudging they couldn't keep up net economic production. All effective policymaking comes from understanding constraints and operating within them to achieve the best outcome. For that reason - pretending that constraints don't exist is a recipe for bad policy.