The federal government, in guiding the economic destiny of the country, must be staffed largely with those who are unaware of how little they know, who have no qualms about their ability to plan and regulate the national economic growth, set wages, prescribe hours of work, write the price tags for everything, decide how much of what shall be produced, expand or contract the money supply arbitrarily, set interest rates and rents, subsidize with other peoples' earnings whatever activity strikes their fancy, lend billions not voluntarily entrusted to them, allocate the fruits of the labor of all to foreign governments of their choice - in short, decide what shall be taken from each Peter and how much of the 'take' shall be paid to each Paul.
— Leonard E. Read, Anything That's Peaceful 
(Hat tip fff.org)
The good news is New Zealand no longer regulates to this degree. But there's no shortage of people who think we should....a return to the "golden age".