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" ... It is entirely true that there is such a thing as market failure--what is also less recognised by our friends on the left is that there is also such a thing as government failure. Just because we hire bright people and put them in shiny offices does not mean that their plans will be pleasing to mice and men, they'll, just like out here in the real world, gang aft agley. A useful example of this is the quite woeful incompetence on display in Nevada, where as you might have heard they've just legalised recreational pot. ... "