Jane Galt on Behavioral Economics

I am not usually in the habit of reprinting what other bloggers have to say, but sometimes I see something so trenchant that I cannot help myself. Here is Jane Galt:

....behavioural economics, which the left seems to believe is a magical proof of the benevolence of government intervention, because after all, people are stupid, so they need the government to protect them from themselves. My take is a little subtler than that:

1) People are often stupid.

2) Bureaucrats are the same stupid people, with bad incentives.