Elon Musk backed Austrian economic theory Wednesday, saying market prices are essential for economies to function efficiently and warning against centralized planning.

Elon Musk backed Austrian economic theory Wednesday, saying market prices are essential for economies to function efficiently and warning against centralized planning.

Elon Musk, the world's richest person, recently said that market prices are necessary for an economy to function properly. In a post shared on X (formerly Twitter), the Tesla CEO…