There is a very nice short piece in today's WSJ [subscription required] by Don Boudreaux and Todd Zywicki titled, "A Nobel Economist's Caution about Government." I'm proud to say that Professor Boudreaux, a prominent economist at George Mason University is a new member of the Free State Foundation's Board of Academic Advisors.
The commentary shows why we desperately need our government officials and regulators to demonstrate more humility and less hubris regarding what government can achieve without doing more harm than good. As Professors Boudreaux and Zywicki put it in Hayekian terms: "Government has shown again and again the follow of efforts to centrally direct complex systems."
With Russ Roberts, Professor Boudreaux has a blog, "Cafe Hayek," and he is the author of the forthcoming book, "The Essential Hayek." So, he knows whereof he speaks.