Why governments' attempts to pick winners produce more losers than winners.
"We were at all times in danger of forgetting - until rudely awoken by the attack on the New York Twin Towers of September 11, 2001 - that the primary role of government is to look after the physical security of the population and that all else is secondary", The Changing Economic Role of Government in Against The Flow (2005)
"The ordinary man is not such a homo oeconomicus, just as he is neither hero nor saint. The motives that drive people toward economic success are as varied as the human soul itself."