Central Planning of the United States of America

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Stimulus is central economic planning. QE was central economic planning. Saving the country with emergency bailouts is central economic planning. Healthcare is centrally planned. When the economy failed in 2008 more central economic planning was ushered in.

So what does central economic planning consist of. We now have centrally planned stock prices. Since 2008 what has central economic planning consisted of? Knock the bark off the plan and look at raw reality. The stimulus beginning in 2008 has consisted of elevating stock prices and that is it.

Central economic planning is mandated in the Full Employment Act of 1978. What do we know about central economic planning? It destroys wealth and income of most everyone while boosting the wealth and income of the politically powerful. If there is an exception in all of recorded history, tell me. I can’t find one. Does anyone mind? Hardly a soul.

I overheard a conservative talk show host recently ranting about the greatness of the United States. He was chastising others who believe otherwise. This conversation was going on while 100% of bills on which congress votes are there expressly to rig one market or another or to transfer wealth and income. My question to the talk show host would be, what is so great about that procedure? What makes a country great or less than great is how the citizens spend their time and energy. What central planning is always is using the government as a means of bypassing the free market system for personal gain. Once that approach becomes a national standard, there is no more free market.

Americans are good with central economic planning. No matter how bad things get, they always want more of it. There are a handful of us out here who would prefer to reverse the situation and start moving back to the free market standard. Our number is statistically insignificant. Out of all of the conservative icons in the country, not one has suggested repealing a single law or closing even one government agency. Americans really do want big government and that is what we have. Donald Trump might very well turn out the be the most prolific central planner of all presidents up to this point. Any hopes that he would turn out to be a free market guy have gone out the window.

There seems to be a silent consensus that the current recovery which has been the result of a centrally planned bull market in stocks about over. Some might naively suggest that when the economy collapses Americans will have learned their lesson and demand a free market system. That won’t happen. Instead they will cry loudly for more central economic planning. Their elected reps and leaders will oblige them by creating more stimulus plans which will further impoverish ordinary people.

The important thing to remember is that since Americans really do want a centrally planned economy, there really isn’t much that can prevent masses of increases in poverty and misery. To turn the country around folks have to want something different. How do I know what people want? I just watch what people do. What a person does is indicative of a person’s deepest beliefs. If there were conservatives anywhere in the population there would be ongoing conservative initiatives and there is not one in the entire world.

The truth is a hard sell. Fantasy Free Economics gains readers one at a time. Major search engines simply do not list blogs which disagree with their political agenda. As long as folks share the link to this blog and others speaking out against the grain, the truth will at least trickle into the public consciousness.

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Fantasy Free Economics recommends the following blogs.

Of Two Minds Liberty Blitzkrieg Mises Institute Straight Line Logic Paul Craig Roberts

 

About Fantasy Free Economics

James Quillian is an independent scholar,free market economist, teacher and originator of the Fantasy Free approach to economics. Contact: news@quillian.net
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