Generate text that refutes this claim: It is impossible to acquire the information necessary to create a coherent economy  A planned economy requires that the planners have the information necessary to allocate resources in the right way. This is a virtually impossible task.  The world contains trillions of different resources: my labour, iron ore, Hong Kong harbour, pine trees, satellites, car factories – etc. The number of different ways to use, combine and recombine these resources is unimaginably vast.  And almost all of them are useless. For example, it would be a mistake to combine Arnold Schwarzenegger with medical equipment and have him perform brain surgery.  Centralised planning cannot possibly sort through the myriad of way of arranging resources to arrive at the most efficient usage. Only a decentralised price system can achieve this via the institution of private property and associated duties and rights. [1]  [1] Boudreaux, Donald J, ‘Information and Prices’.
political philosophy politics government society house believes socialism dead
While there are a vast number of potential combinations of resources, the ones that are useless are mostly obvious and do not need a market to tell us so. Nobody would attempt to generate power by burning bicycles, for example.  An economy that is organised by prices will be organised by those with enough capital to out-bid all others, not those willing to pay the best price because they can make the most use of the resource