Even More Frightening than Infuriating…

People unfamiliar with the concept of competition as a discovery procedure – people unaware of the complexity of emergent orders – people unconcerned about concentrated, arbitrary power wielded by worthies in Washington – people unfazed by the arrogance of a bureaucrat presuming to know that some proposed price-hike is too large, but who also cowardly refuses to put her money where her mouth is by opening up a competing insurance company – people unmoved by the prospect of private entrepreneurs and business people having to beg the permission of mandarins on the Potomac in order to conduct business – people unsuspecting that such power can easily be abused to punish politically inconvenient firms and to assist political allies – such people will find nothing frightening about the quoted paragraph.

via Even More Frightening than Infuriating….

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