“In abbreviated form, by a kind of symbol, only the most essential information is passed on and passed on only to those concerned. It is more than a metaphor to describe the price system as a kind of machinery for registering change, or a system of telecommunications which enables individual producers to watch merely the movement of a few pointers, as an engineer might watch the hands of a few dials, in order to adjust their activities to changes of which they may never know more than is reflected in the price movement.”
![“The much-maligned price system works not only to secure supply but to conserve. [...] Profits and prices are the street signs of the economy. Only fools flout them.” quote by Ilana Mercer](https://sms4smile.com/quotes/img-quotes/2ac/ilana-mercer-6995_economics_the-much-maligned-price-system-works-not_2679948.jpg)
![“[Socialistic] economic planning, regulation, and intervention pave the way to totalitarianism by building a power structure that will inevitably be seized by the most power-hungry and unscrupulous.” quote by Friedrich August von Hayek](https://sms4smile.com/quotes/img-quotes/e34/friedrich-august-von-hayek-141_building_socialistic-economic-planning-regulation_162331.jpg)
