Excellent summary. Those words should be engraved in stone some place where the congress critters can read them every day as they pass by on their way to another day of destroying the country at the orders of Dear Leader.
Unfortunately their thinking is upside down. They think the market is irrational arbitrary and unpredictable while government is rational.
The law of unintended consequences never occurs to them. Subsidize unwed motherhood, and watch it become a way of life. Provide the people with subsidized bread cheaper than the wheat in it, and watch farmers feed bread to pigs. The tragedy of the commons on anything that is not owned just used, and thus ill used.
I wish I could claim credit for my way of thinking but I have to cite Walter Williams, Tomas Sowell, and Edgar Rice Burroughs (through the character of Dejah Thoris).