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governments typically cannot do that. Right?
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They set the rules of the game.
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Well the best they manage interest rates
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and they may be able to manage
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the currency exchange rate,
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but they cannot allocate resources across the economy.
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Or if they do,
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then people will say,
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"We are on the road to socialism." right?
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To the extent substantive rationality is involved.
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But he said,
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"Well if it is socialism,