It's an information theory issue. Information travels at the speed of light or less.
Hayek married his cousin, but he was right that information transfer over large distances creates huge latencies in CAP theorem analysis of Markets. To me, Austrian just means don't pretend information latency is zero or bandwidth is infinite.
What you're talking about sounds like transaction costs and information asymmetry, which are interesting. Hayek's work is interesting to me, even as someone who would self describe as a socialist.
His decentralized market solution to the economic calculation problem, the information from prices (price signals) tell producers and consumers to increase/decrease supply and demand.
But markets aren't perfectly competitive, there are monopolies. Markets are embedded in societies, they don't exist outside of them. Markets don't guarantee an optimal equilibrium. 50% of R&D spending is by the government.
He also did early work on neural networks, published The Sensory Order in 1952, 3 years after Hebb's The Organization of Behavior
Or to put it another way, to the extent that we interpret local and federal and so on formally enough that they retain any connection to information theory, we're no longer talking about politics.
The words either have their political meaning or their formal meaning, but pseudomathematical sophistry that conflates formal and informal statements in the same breath leads to quackery and nonsense, which is exactly one of the article's critiques of libertarianism as a framework.
The CAP theorem occupies a similar place in pseudomathematics as Goedels theorems. An important result, but almost never for the reasons that someone attempting to use it to make a non-rigorous mathematical argument thinks it is...