A Central Planning Weakness: Waiting for The Central Planners to Act

The New York Times inadvertently identifies a major problem with central planning: everyone waits for the central planners to act so they know what to do.

The fiscal stimulus spending, ultra low interest rates, increased unionization, tons of new rules and regulations on economic and social activity, more taxes.  The list goes on. . .  And they’re still not done.

The central planners failed to take into account the Atlas Factor, after Ayn Rand’s novel Atlas Shrugged: the American people want to work; to produce; make their own choices; steer their own course; get rewarded in the way that suits them, either through money, appreciation, recognition, other ways and combinations of all of them.

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