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What economic calculation requires is a monetary system whose functioning is not sabotaged by government interference.
-Ludwig Von Mises
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What Economic Calculation Requires Is A Monetary

Ludwig Von Mises
What economic calculation requires is a monetary system whose functioning is not sabotaged by government interference.
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Government Economic Monetary System

More From Ludwig Von Mises

Monetary calculation is not the calculation, and certainly not the measurement, of value. its basis is the comparison of the more important and the less important. it is an ordering according to rank, an act of grading (cuhel), and not an act of measuring. it was a mistake to search for a measure of the value of goods. in the last analysis, economic calculation does not rest on the measurement of values, but on their arrangement in an order of rank.
Mistake Order Important
We do not assert that the capitalist mode of economic calculation guarantees the absolutely best solution of the allocation of factors of production. such absolutely perfect solutions of any problem are out of reach of mortal men. what the operation of a market not sabotaged by the interference of compulsion and coercion can bring about is merely the best solution accessible to the human mind under the given state of technological knowledge and the intellectual abilities of the age's shrewdest men.
Men Perfect Mind
These people talk of a "middle-of-the-road" policy. what they do not see is that the isolated interference, which means the interference with only one small part of the economic system, brings about a situation which the government itself — and the people who are asking for government interference — find worse than the conditions they wish to abolish: the people who are asking for rent control are very angry when they discover there is a shortage of apartments and a shortage of housing.
Mean Government People
Without calculation, economic activity is impossible. since under socialism economic calculation is impossible, under socialism there can be no economic activity in our sense of the word all economic change, therefore, would involve operations the value of which could neither be predicted beforehand nor ascertained after they had taken place. everything would be a leap in the dark. socialism is the renunciation of rational economy.
Taken Dark Would Be
A private enterprise system needs some measuring rod, it needs something, it needs money to make its transactions. you can't run a big complicated system through barter, through converting one commodity into another. you need a monetary system to operate. and the instability in that monetary system is devastating to the performance of the economy.
Running Needs Complicated
It is important to remember that government interference always means either violent action or the threat of such action. government is in the last resort the employment of armed men, of policemen, gendarmes, soldiers, prison guards, and hangmen. the essential feature of government is the enforcement of its decrees by beating, killing, and imprisoning. those who are asking for more government interference are asking ultimately for more compulsion and less freedom.
Mean Men Prison Guards
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