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.
#grownostr #Freedom #AustrianEconomics #Bitcoin #Nostr #BigData #AI #CentralPlanning #FutureForecasting #DataScience #TechMyths #EconomicTheory #TimeMachine #Innovation #PredictiveAnalytics #TechDebate
praxeologist
npub1a2…sdvza
2024-09-19 08:41:15
Author Public Key
npub1a2hcm2k6w29lvgc5gwkf38u49u9dketm0wdczy8y56phq6un3ewqssdvzaPublished at
2024-09-19 08:41:15Event JSON
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"content": "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:\n\n1) your delusions of grandeur \n2) the world at that time \n3) the consequences of such a claim.\n\n#grownostr #Freedom #AustrianEconomics #Bitcoin #Nostr #BigData #AI #CentralPlanning #FutureForecasting #DataScience #TechMyths #EconomicTheory #TimeMachine #Innovation #PredictiveAnalytics #TechDebate ",
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