Central Planning
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Why Is Donald Trump The Only Villain In Jerome Powell's Investigation?
Forbes· 2026-01-18 15:21
Group 1 - The article discusses the implications of Donald Trump's desire to influence Federal Reserve interest rate decisions upon his potential re-election, highlighting the absurdity of central planning in economic policy [2][4][5] - It critiques the academic economists who mock Trump's ambitions while simultaneously claiming expertise in economic management, suggesting that both sides exhibit a misunderstanding of market dynamics [3][4][6] - The commentary emphasizes that Trump's political pressure on the Federal Reserve could lead to detrimental economic policies, such as pushing for easy money to stimulate growth, which is a common criticism of his approach [5][6] Group 2 - The article notes that despite the criticism of Trump's proposed price controls on credit cards, similar principles apply to the Federal Reserve's interest rate policies, indicating that market forces will ultimately prevail regardless of government intervention [7] - It points out the hypocrisy in the reactions of economists and commentators who supported Jerome Powell's nomination by Trump, questioning their current outrage over Trump's influence on the Fed [6][7] - The piece concludes that the ongoing debate about Trump's influence on the Federal Reserve may not significantly impact the market, as economic realities will dictate outcomes regardless of political pressures [7]
X @Nick Szabo
Nick Szabo· 2025-12-18 17:05
Central Planning Critique - Central planning assumes planners are wise and humane, but centralized power becomes personalized with incentives and enforcement tools, potentially leading to outcomes that individuals may not approve of [1] - Internal conflicts within groups do not disappear with centralized power; instead, they are resolved through force rather than argument, leading to purges, controls, and conformity [2] - Central planning, despite aiming for "collective control," results in individuals surrendering control over various aspects of life, including speech, movement, work, and private life [3] - Central planning replaces individual plans with a single plan that is often not aligned with the individuals' desires [3] Freedom vs Central Planning - Freedom allows for the coexistence of diverse visions, while central planning permits only one vision [3] - Central planning weaponizes conflict instead of eliminating it [2]
X @The Wall Street Journal
The Wall Street Journal· 2025-08-27 03:33
Core Argument - Central planning is detrimental to nature, similar to its effect on the economy [1] - Wildlife thrives best in its natural, unmanaged state [1]