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'''Central planning''', in [[economics]], is the idea that government bureaucrats are better than private individuals at choosing what to produce and how much to sell it for. The prosperous industrialized nations of the [[democratic]] West generally believe in the [[free market]] principle whereby no transaction is made unless both buyer and seller feel that they benefit.
'''Central planning''', in [[economics]], is the idea that [[big government]] [[bureaucrat]]s are better than private individuals at choosing what to produce and how much to sell it for. The prosperous [[First World|industrialized nations]] of the [[democratic]] [[The West|West]] generally believe in the [[free market]] principle whereby no transaction is made unless both [[buyer]] and [[seller]] feel that they benefit.
==See Also==
* [[Obamanomics]]: [[Obamunism]] [[Economic planning]] of the [[Obama administration fiscal policy]], [[Obama administration monetary policy]], [[Obamacare]], [[Federal funding]] via [[Crony capitalism]] ([[Obama donor list]]), [[Deficit spending]], [[Similarities between Communism, Nazism and liberalism]], [[Obamageddon]]
* [[National debt]]: [[Federal Reserve System]]'s [[Ponzi scheme]] of [[Quantitative easing]]-[[Debt monetization]] [[devaluation]] of [[Fiat currency]] through [[Money supply]]-[[Treasury bill]]s bought mostly by [[China]] and [[Japan]]
* [[John Maynard Keynes]]' [[liberal]] [[Keynesian economics]] of [[Barack Obama]]
[[Category:Economics]]
[[Category:Economics]]