What is called “social” planning are in fact government orders over-riding the plans and mutual accommodations of millions of people subject to those orders.

Price controls almost invariably produce black markets, where prices are not only higher than the legally permitted prices, but also higher than they would be in a free market, since the legal risks must also be compensated. While small-scale black markets may function in secrecy, large-scale black markets usually require bribes to officials to look the other way.

What is ominous is the ease with which some people go from saying that they don't like something to saying that the government should forbid it. When you go down that road, don't expect freedom to survive very long.

The ignorance, prejudices, and groupthink of an educated elite are still ignorance, prejudice, and groupthink—and for those with one percent of the knowledge in a society to be guiding or controlling those with the other 99 percent is as perilous as it is absurd.