The Pitfalls of Central Planning

If Central Planning can’t expand its power, it expands its budget, at the expense of its programs.

Central Planning has an ominous totalitarian undertone, but there is a place for it in the social toolbox. The federal Interstate highway system was central planning, and so is Social Security. Many view America’s patchwork electrical grid as not serving the national interest or its citizenry, and a dose of central planning to expand the grid’s resilience and capacity might be the best way forward....