The following article by Bret Swanson, founder of Entropy Economics, ran on the excellent Forbes site on Christmas Eve. Since you probably were otherwise occupied that day, it is both saluted and reproduced here. These are excellent insights into George Gilder's new book, Knowledge and Power that should be kept in mind during the current economic debate:
In three short months, Obamacare has exposed, with 200 proof concentration, the fundamental mismatch between government's limited knowledge and its unattenuated power.
The Administration is now "discovering . . . that insurance is complicated to buy" - and to assemble, price, purvey, and regulate. Many health care experts predicted Obamacare's failures with amazing specificity. But why did the Administration's claim that Healthcare.gov is now "operating with private sector velocity and effectiveness" prove such a deep self-indictment?
In his latest book, Knowledge and Power, George Gilder shows -- fundamentally -- why enterprise excels, and government often fails, at these complex tasks. From top to bottom, foundation to spire, atom to bit, Gilder has integrated economics with the most powerful force of our time -- the science and technology of information.