We like to think we're superior to the people who, centuries ago, burned 'witches' for no better reason than a neighbor's belief that his crop failure or impotence was caused by that woman's action. But reporters are still prone to the same mental errors that caused these killings: seeing patterns where there are none, finding causes where there is only coincidence, ignoring our sources' political agendas and turning scanty evidence into panic.

I saw how the regulation I called for made things worse, didn't help consumers and simple competition was better. And I started praising business and occasionally criticizing regulation.

What private property does is connect effort to reward, creating an incentive for people to produce for more. Then, if there's a free market, people will trade their surpluses to others for the things they lack. Mutual exchange for mutual benefit makes the community richer.

Politicians and bureaucrats clearly have no idea how complicated markets are. Every day people make countless tradeoffs, in all areas of life, based on subjective value judgements and personal information as they delicately balance their interests, needs and wants. Who is in a better position than they to tailor those choices to best serve their purposes? Yet the politicians believe they can plan the medical market the way you plan a birthday party.

As a free person, I ought to be allowed if I'm dying to take something.

We like to think we're superior to the people who, centuries ago, burned 'witches' for no better reason than a neighbor's belief that his crop failure or impotence was caused by that woman's action. But reporters are still prone to the same mental errors that caused these killings: seeing patterns where there are none, finding causes where there is only coincidence, ignoring our sources' political agendas and turning scanty evidence into panic.

Madoff's scam was small compared to Ponzi schemes the government itself runs: Social Security and Medicare.