Economic Calculation Problem: Price Signals—Debunking Kommari Kettu Part 1

The economic calculation problem is widely misunderstood and in part 1 I touch upon price signals as it is important for people to understand the role of prices in relation to the information we gather from profits and losses. I felt that Kommari Kettu's argument was very childish in response to Learn Liberty and really didn't make much sense.

Socialists fail to comprehend prices and it is precisely the reason why Kommari Kettu grossly misunderstands the economic calculation problem. Kommari provided no real argument that proves my point. The reason it is so vitally important for people to understand prices is that without prices there is no way to operate an economy efficiently and is precisely why socialism leads to such a mess.