In this sense the Negro problem is not only America's greatest failure but also America's incomparably great opportunity for the future. If America s… - Gunnar Myrdal

The term 'economic planning' and perhaps still more bluntly 'planned economy' contains a tautology... The word 'economy' by itself implies, of course, a co-ordination of activities, directed towards a purpose. It implies a subject, a will, a plan, and a rational adaptation of means towards an end or or a goal. To add “planned” in order to indicate that this co<ordination of activities has a purpose, does not make much sense or cannot, anyhow, be good usage. Language, as we know, is full of illogicalities.

Some of these quantities refer directly to a point of time. That is true of "capital value" as also of such quantities as demand and supply prices. Other terms – as e.g. "income", "revenue", "return", "expenses", "savings", "investments" – imply, however, a time period for which they are reckoned. But in order to be unambiguous they must also refer to a point of time at which they are calculated.

Correlations are not explanations and besides, they can be as spurious as the high correlation in Finland between foxes killed and divorces.