For example, a fiscal expansion, which is centrally financed, pro-rebalancing, and targeted to low-income households, could be used to stabilize the economy.
He also says that your Department insist on ordering all pens, pencils, paperclips and so on centrally, and then distributing them against departmental requisitions.
Weakened by bad weather, centrally run agricultural production collapsed in the 1990s, leading to a famine in which hundreds of thousands of people died.
As Jeffrey Ding of George Washington University notes, in the centrally planned Soviet Union innovation was world-beating—think of Sputnik—but diffusion was non-existent.
He also thinks the Treasury market should be centrally cleared, so that a single institution stands between buyers and sellers, taking counterparty risk.