Let me know if you need help with this quote from Hayek: "Compared with the totality of knowledge which is continually utilized in the evolution of a dynamic civilization, the difference between the knowledge that the wisest and that which the most ignorant individual can deliberately employ is comparatively insignificant."

To bridge back to my point may take a few inferences, but take it slow and you should be able to get there. 

And then I can explain how this quote applies to things like prices, wages, scarcities, and a few other things.   And why wage controls are just plain silly....oops too much for one night.  Come back tomorrow, or maybe after Easter. 

 Cheers.