People vastly overestimate the ability of central planners to improve on the independent action of diverse individuals. What I've learned watching regulators is that they almost always make things worse. If regulators did nothing, the self-correcting mechanisms of the market would mitigate most problems with more finesse. And less cost.
John StosselWhen entrepreneurs are free to compete, they grow the pie so that everyone's share gets larger.
John StosselWell, who is more likely to volunteer to take a job in a bureaucracy that has little to recommend it except that it gives you the power to use government force to control the lives of others? A dispassionate scientist or a zealot? In government, the zealots eventually take over.
John StosselCentral authority is bad. The bias should be for freedom. And without a central authority, there are lots of little authorities, and we learn which ones to trust.
John Stossel