Why governments' attempts to pick winners produce more losers than winners.
"Politics are a lousy way for a free man to get things done. Politics are, like God's infinite mercy, a last resort", Parliament of Whores, Preface to the British Edition
"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)