Do Americans understand economics?
In his book, The Myth of the Rational Voter: Why Democracies Choose Bad Policies, Bryan Caplan poses an interesting theory: perhaps systematic bias exists in the body politic that causes the general masses to consistently vote for bad policies. In other words, do the American people misunderstand basic economic principles, and therefore fall victim to the comforting words of empty campaign promises? After watching tonight’s GOP debate I think that may be true…
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November 29th, 2007 at 10:39 am
Interesting.
In a related vein, check out this thesis: women’s suffrage is what has led to the expansion of government.