00:01Politicians deceive themselves as to how wealth is produced.
00:05Excessive confidence is placed in the judgment of politicians and bureaucrats.
00:09This replaces the confidence in a free society.
00:12Too many in high places of authority became convinced that only they,
00:17armed with arbitrary government power, can bring about fairness while facilitating wealth production.
00:23This always proves to be a utopian dream and destroys wealth and liberty.
00:28It impoverishes the people and rewards the special interests who end up controlling both parties.
00:36It's no surprise that much of what goes on in Washington is driven by aggressive partisanship and power-seeking,
00:45with philosophic differences being minor.
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