The always interesting Jane Galt made a pithy and amusing critique on behavioral economics (the study of the rationality, or lack thereof, of economic actors in the [free] marketplace; often used by the left to criticize the idea of free market efficiency):
The post below also applies to behavioural economics, which the left seems to believe is a magical proof of the benevolence of government intervention, because after all, people are stupid, so they need the government to protect them from themselves. My take is a little subtler than that:
1) People are often stupid
2) Bureaucrats are the same stupid people, with bad incentives.
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