The idea of hanging all the lawyers may have merit, but I think it pales behind hanging economists, bureaucrats, and politicians who believe in central economic planning. People are too stupid to handle anything that complex, especially since the parts of the “machine” consist of people who will change their behavior when the rules are changed on them in mid-game.

The “academic authorities” quoted by Katie Brenner are just such fools. Running economies by fiat from above has a rather disastrous history ranging from the USSR to wage and price controls elsewhere. Ignoring basic economic principles like the law of supply and demand or that you can’t continue selling something for less than it costs you is like ignoring gravity. You do so at your own peril.