I'm all for doing things that work, but I think we need to be practical. That's why I focused a lot of my work on the various uses of information technology around strengthening the IRS. The computers we use to check on the tax integrity of the wealthiest people in our country use COBOL as their programming language. And when they raise ideas like the government should punish people for gouging, I think they're proposing things that probably ultimately won't be very effective and are likely to do very substantial damage to incentives for innovation.

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