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.

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About Fantasy Free Economics

James Quillian independent scholar,free market economist,and teacher of natural law. Who is James Quillian? Certainly I am nobody special, Just a tireless academic and deep thinker. Besides that, I have broken the code with respect to economics and political science. Credentials? Nothing you would be impressed with. I am not a household name. It is hard to become famous writing that virtually no one in the country is genuinely not in touch with reality. But, if I did not do that, there would be no point in my broking the broken the code. If you read the blog, it is easy to see that there are just a few charts, no math and no quantitative analysis. That is not by accident. Given what I know, those items are completely useless. I do turn out to be highly adept at applying natural law. Natural law has predominance over any principles the social science comes up. By virtue of understanding natural law, I can debunk, in just a few sentences , any theory that calls for intervention by a government. My taking the time to understand the ins and outs of Keynes General Theory is about like expecting a chemistry student to completely grasp all that the alchemists of the middle ages thought they understood in efforts to turn base metals into goal. Keynesian theory clearly calls for complete objectivity. Government can only make political decisions. Keynesian techniques call for economic decisions. So, why go any further with that? Fantasy Free Economics is in a sense a lot like technical analysis. Technical analysis began with the premise that it was impossible to gain enough information studying fundamentals to gain a trading advantage. Study the behavior of investors instead. Unlike technical analysis, I don't use technical charts. What I understand are the incentives of different people and entities active in the economics arena. For example, there is no such thing as an incentive to serve with life in the aggregate. In the aggregate, only self interest applies. It is routinely assumed otherwise. That is highly unappealing. But, I am sorry. That is the way it is. I can accept that because I am genuinely in touch with reality. Step one in using Fantasy Free Economics is for me to understand just how little I really know. A highly credentialed economist may know 100 times what I do based on the standard dogma. Compare the knowledge each of us has compared to all there is to know and we both look like we know nothing at all. There is always more than we don't know than what we do know. I am humble enough to present myself on that basis. Why? That is the way it is. I am not bad at math. I have taught math. What I understand is when to use it and when to rely on something else. Math is useless in natural law so I don't use it. While others look at numbers, I am busy understanding the forces in nature that makes their numbers what they are. That gives me a clear advantage.

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