Why governments' attempts to pick winners produce more losers than winners.
"[The War Office kept three sets of figures:] one to mislead the public, another to mislead Cabinet, and the third to mislead itself."
"[Interventionism] presupposed that bureaucracy knows better than the consumers what is good and useful...In other words, the government has the astonishing audacity to require of us that we should prefer its arbitrary list of priorities to our own."