“When economic decisions are taken out of the hands of individuals operating in a market and put into the hands of expert on planning commissions and the like, this may be thought of as a transfer of decision-making power from those with less knowledge to those with more knowledge but it is far more likely to be a transfer of decision-making power to experts with less knowledge and more presumptions” (Sowell, 2007, pp.167-168).
Sowell, T. (2007). Basic Economics. New York: Perseus Books Group.
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