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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.
In his 1932 book ''A Planned Society'', [[George Henry Soule Jr.]] argues that the [[World War 1]] era [[War Industries Board]] is a model for planning.<ref>[https://books.google.com/books/about/A_Planned_Society.html?id=yGVMAAAAIAAJ A Planned Society]</ref><ref>{{cite book|url=https://books.google.com/books?id=ituDR07GtooC&pg=PA116|last1=Stabile|first1=D. R.|last2=Kozak|first2=A. F. |title=Markets, Planning and the Moral Economy: Business Cycles in the Progressive Era and New Deal|date=2012|publisher=Edward Elgar Publishing|isbn=978-1781006771|pages=116}}</ref>
==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]]
*[[Economic planning]]
* [[Stuart Chase]]
* [[Nudge (book)]]
* [[Regional Planning Association of America]]
==References==
{{reflist|1}}
==External links==
* [https://books.google.com/books?id=wyrnCwAAQBAJ&pg=PA1 Toward a Planned Society: From Roosevelt to Nixon], by Otis L. Graham (Book partially searchable)
{{Economic preparedness topics}}
[[Category:Economic Preparedness]]
[[Category:Economics]]
[[Category:Economics]]
[[Category:Threats]]