The prescription for better health care is more freedom to innovate, not remote-control surgery from Washington.

That eugenics was part of the progressive agenda is one of the most heavily-airbrushed features of history.

Anyone who believes that we can afford collectively what we cannot afford individually is delusional.

The gap between what one knows and what one thinks one knows may be higher in the ranks of the elite. The result is supposedly-clever government interventions, introduced with excessive confidence, leading to disastrous results.

I have come to believe that politicians are in the business of 'marketing' their product to the public, by exaggerating threats and over-selling government solutions.

I call this the Fundamental Problem of Political Economy. How do we limit the power that idiots have over us? ... [Milton] Friedmans insight is that a market limits the power that others have over us; conversely, limiting the power that others have over us allows us to have markets. Friedman argued that no matter how wise the officials of government may be, market competition does a better job of protecting us from idiots.

Phelps has given us a clear warning of the dangers of corporatism. I hope that more people hear and heed the warning.