Central Planning Defined by Walter E. Williams

Professor Williams is a favorite of mine, and I stumbled across this short video earlier today.

Central planners fear the market because markets are a free exchange by everyday people. Planners do not trust everyday people to make the right decisions for themselves and for society.

Some people, not me of course, might call those obsessed with central planning (most people in government) “control freaks.” Professor Williams, I suspect would agree with this sentiment.