Thomas Sowell on "Busybody Politics"

Full story is here.

ObamaCare is perhaps the ultimate in busybody politics. People who have never even run a drugstore, much less a hospital, blithely prescribe what must be done by the entire medical system, from doctors to hospitals to producers of pharmaceutical drugs to health insurance companies.

Well said.

See also F. Hayek's Nobel Prize Lecture, "The Pretence of Knowledge." which includes this:

While in the physical sciences it is generally assumed, probably with good reason, that any important factor which determines the observed events will itself be directly observable and measurable, in the study of such complex phenomena as the market, which depend on the actions of many individuals, all the circumstances which will determine the outcome of a process, for reasons which I shall explain later, will hardly ever be fully known or measurable.

Bill