[kbenson]

> My core thesis is that the federal government delivers very poor value for the resources it consumes, and that society as a whole would be better off with a government that was less ambitious.

Well, since we are stating theses, mine would be that while the government delivers poor value for services it consumes in some areas, the private sector sometimes provides very poor value for the services it consumes because it is incentivized to do the opposite.

Believing one is better than the other without actually looking at the economics involved leads to things like privatized prisons (where the incentive is to keep people in and returning to prison, not to rehabilitate them), and large public lending systems (Fanny Mae and Freddy Mac) which are susceptible to being brittle under economic stress.

Any time you think you believe something strongly enough that it falls under a 90/10 rule, it's probably worth really looking into that 10% and understanding it. You might find your 90/10 rule is more accurately a 70/30 or 60/40 rule, and that's really a different thing.