The invention provides a way re-center a rotor's central longitudinal rotational axis with a desired system longitudinal axis. A pair of planar semicircular permanent magnets are pieced together to form a circle. The flux from each magnet is pointed in in opposite directions that are both parallel with the rotational axis. A stationary shorted circular winding the plane of which is perpendicular to the system longitudinal axis and the center of curvature of the circular winding is positioned on the system longitudinal axis. Upon rotation of the rotor, when a transverse displacement of the rotational axis occurs relative to the system longitudinal axis, the winding will experience a time-varying magnetic flux such that an alternating current that is proportional to the displacement will flow in the winding. Such time-varying magnetic flux will provide a force that will bring the rotor back to its centered position about the desired axis.