X @Nick Szabo

RT Handre van Heerden (@Handrev)In 1920s Soviet Union, planners decided Moscow needed more nails. So they ordered factories to produce tons of nails—literally. Clever factory managers made huge, heavy nails to hit their weight targets with minimal effort. When planners caught on and switched to counting nails by quantity, factories cranked out thousands of tiny, useless pins.This wasn't incompetence—it was inevitable. Without market prices, socialist planners had no way to know what people actually wanted o ...