To whom it may concern:
This thread is for the discussion of Less Wrong topics that have not appeared in recent posts. If a discussion gets unwieldy, celebrate by turning it into a top-level post.
(After the critical success of part II, and the strong box office sales of part III in spite of mixed reviews, will part IV finally see the June Open Thread jump the shark?)
When I said "better than nothing" I was referring to advice, not the actual actions taken. My background is in economics so I'm quite familiar with both dead-weight loss of taxation and public choice theory, though these days I lean more toward Bryan Caplan's rational irrationality theory of government failure.
I agree that nothing is often a good thing for governments to do, and in many cases that is the advice that Cabinet receives.