Behavioral Economics and Economies of Scale

Via Greg Mankiw, we have this from Jane Galt:

....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...more>>