It would be better than the current state of affairs.

Me: I would trust Tyler Cowen to be our philosopher-king.
Steve: He would tell us what to eat and where to eat it.
Me: "I have just spent the NEA's yearly budget on the works of obscure Haitian folk artists."
Steve: And Mexican painters.
Me: And he would appoint at least two attractive, economics-oriented women named Megan as Secretaries of something and then advise us to listen to them.