Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.

Looking back at the recent history of the world, I find it amazing how far civilization has retrogressed so quickly. As recently as World War I — granted the rules were violated at times — we had a set of rules of warfare in which armies didn’t make war against civilians: Soldiers fought soldiers. Then came World War II and Hitler’s philosophy of total war, which meant the bombing not only of soldiers but of factories that produced their rifles, and, if surrounding communities were also hit, that was to be accepted; then, as the war progressed, it became common for the combatants simply to attack civilians as part of military strategy. By the time the 1980s rolled around, we were placing our entire faith in a weapon whose fundamental target was the civilian population.

The best minds are not in government.