City AM is great so frequently that it hardly seems worth linking to – you read it already, right? – but this is great because it exposes the underlying assumptions and arrogance of statist politicians:

Former Labour party adviser John McTernan warned the BBC’s Newsnight of the “moral hazard” associated with giving people more freedom. “You cannot trust people to spend their own money sensibly,” he added

He was commenting on a rare bit of liberalisation that sees that we are now able to choose what to do with our pension pots on retirement.