“Free markets clearly do not align risk and reward, allocating capital to its most productive uses, as its promoters advertise.”

And government “command economies” – dirigisme – does?

The problem with advising a “go along to get along” policy with regard to President Soetoro and his co-conspirators is the very real understanding that everything they’re doing is absolutely and horribly wrong.

Not just because it’s “anti-capitalist” or unconstitutional (though it’s all that), but because what he and his sputniki are doing is nothing more than piling upon us more and worse of what caused this catastrophic mess in the first place.

The coping mechanisms we call the free market are those of microeconomic self-interested decision making writ large into a robust negative feedback system.

Government cannot command economic functions because of what sane economists call “the knowledge problem.” Government politicians and bureaucrats simply can’t know enough to make sound economic decisions for other people because these weasels aren’t proximilly involved in the consequences – good and bad – of microeconomic decision making.

They can’t – and don’t – “own” those consequences.

It’s like turning your household budget decision making over to a five-year-old kid. The kid is not knowledgeable enough – nor truly invested in the process – of earning and disbursing your family’s funds.

Ditto for government, and in spades.

Dirigisme is a fantasy. And I’m talking about a *Friday the 13th* fantasy of stupidity, senselessness, and slaughter.

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