My thoughts as well. They were basically saying that too much regulation/central planning is bad and a central authority cannot decide whether something is a good business idea, then talk for a long time about this fuzzy metaphor about dancing.

Same here. It was my first episode of econtalk. There were thought provoking points; i.e. focusing more on systemic mistakes rather than small ones as a result of permitting decision making at the local level (a la N. Taleb). However, it could've been told in 1/3rd the duration. I'll give it another go given this episode might have been one off.