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The trick here is claiming there's such thing as quantifiable "use value". It's actually two tricks. The first one that there's some objective fixed value that an object has, regardless of anybody's opinions, and it can be calculated, even if it required omniscient entity having total view of the economy. The second trick is that a specific person or organization (Gosplan if you will) can calculate it. Both are wrong. This is actually one of the fundamental reasons why socialism fails - it can not produce proper prices, and without proper prices, economic cooperation can not function, as prices drive resource allocation. The Soviets tried to implement non-price resource allocation and failed miserably. You can just "assign" prices but as they would be disconnected from actual economic value, you will either get massive deficits, or a ton of resources wasted on producing useless widgets. In a socialist economy, you usually have plenty of both.
Sure, bubbles are a consequence of resource misallocation. But you know what is also true of bubbles? None of them can last for long. Exactly because this is a self-defeating process - the longer the price remains misaligned, the higher is the pressure to correct. Until the bubble bursts. On the contrary, the misallocation that is driven by directive prices and resource assignment can last indefinitely, it does not have the feedback mechanism.
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