Two observations from earlier in the week resonated with me.
First, in this post, Jane Galt made the following pithy observation about the fallacy of reliance on governmental regulation:

“The post below also applies to behavioural economics, which the left seems to believe is a magical proof of the benevolence of government intervention, because after all, people are stupid, so they need the government to protect them from themselves. My take is a little subtler than that:
1) People are often stupid
2) Bureaucrats are the same stupid people, with bad incentives.”

Then, during his monologue on Tuesday night’s Tonight Show, Jay Leno observed the following about the cable television news networks’ fascination (obsession?) with certain recent news events:

“Well, the big story in the news is that Britney Spears shaved her head. Can you believe this? Legitimate news organizations are actually breaking into their Anna Nicole Smith coverage to tell you this.”