The Knowledge Problem Once Again

Freidrich Hayek (another Chicago Boy) won a Nobel price for explaining how this works.  Pity our lawyer-leaders never learned any of this.  Hat tip Instapundit.

WAXMAN FAIL: “When major companies declared that a provision of the new health care law would hurt earnings, Democrats were skeptical. But after investigating, House Democrats have concluded that the companies were right to tell investors and the government about the expected adverse effects of the law on their financial results.”