In this link Big Fed Ben knows, or at least his friends do, what is the best way to deploy scarce resources by devoting them to research and development activities.
This is a perfect example where a bureaucrat is guilty of having a Pretense of Knowledge, not the knowledge of how to apply scarce resources.
The market process is a research and development process. The market is where consumers through their actions make their preferences known to suppliers. What Big Ben wants is for government to take these precious recources and devote them to things bureaucrats want thus destroying the research and development process through the process of trying to help it.
