Here’s a letter that I sent a few days ago to the Washington Post:
Today’s cackling by politicians and pundits about how the auto industry should be restructured, the health-care industry overhauled, and the banking industry reorganized is deafening. Surely I’m not alone in being horrified that so many people with no experience in these industries – and with no skin in any of these games – fancy
themselves qualified to pontificate about matters on which their knowledge can’t possibly be more than superficial.
This cascade of instructions from the inexperienced calls to mind a passage from Gogol’s Dead Souls: “He talks about everything, touches lightly on everything, he says everything he has filched out of books brightly and picturesquely, but he hasn’t got any of it in his head; and you see afterwards that a talk with a humble merchant who knows nothing but his own business but does know that thoroughly and by experience, is better than all these chatterboxes.”*
Donald J. Boudreaux