Archive for Tag “central planning”

“It’s none of your damn business!”

Monday, August 10, 2009 by Don Watkins

After news came out that the Google Voice application for the iPhone had been rejected from Apple’s App Store, the Federal Communications Commission pounced. The FCC sent a “letter of inquiry” to Apple (and its partner AT&T), demanding that it justify its decision. (The letters came shortly after the FCC announced a separate investigation of exclusive partnerships between phone carriers and cell phone makers, such as the one between AT&T and Apple.)

Here’s the information the FCC demanded from Apple: Read the rest of this entry »

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The resurgence of central planning

Thursday, April 2, 2009 by Don Watkins

Since the start of the financial crisis, ARC has been pointing out that the cause was not the free market, but the unfree market. Another way of putting the point is that what failed was central planning.

Central planning puts economic decisions in the hands of a few government “experts,” rather than private individuals on an unhampered market. Interest rates in the U.S., for example, are not determined by supply and demand–they are determined by rates set by central planners at the Federal Reserve. And banks don’t set their own lending standards–those standards are dictated by central planners via the Community Reinvestment Act.

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