Tuesday, January 29, 2019

Market based central planning


Under a "new" economic system, it is possible to assure every young person that he or she can get a job that pays enough to meet the cost of living and to raise a family.

What is this "new" system? It is not really "new". It is "central planning".

I am not talking about bureaucratic central planning that failed in the past in many countries. I am referring to a market based central planning that works, somewhat along the lines adopted in China.

How can this "new" central planning achieve this laudable goal?



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