The end result of the Obama administration’s gamble on Solyndra, which Monday morning quarterbacks didn’t criticize until it went bad, is that it will make a conservative, reactionary bureaucracy more conservative and reactionary:
The real trouble with bureaucracies is not that they are rash, but the opposite. … they universally show a tendency to “play safe” and become hopelessly conservative. The great danger to be feared from a political control of economic life under ordinary conditions is not a reckless dissipation of the social resources so much as the arrest of progress and the vegetation of life.
This 90 year old quote is from Frank Knight, and I’m requoting from Don Boudreaux.