“What happens if fully rational politicians compete for the support of irrational voters — specifically, voters with irrational beliefs about the effects of various policies? It is a recipe for mendacity.”
Bryan Caplan“What happens if fully rational politicians compete for the support of irrational voters — specifically, voters with irrational beliefs about the effects of various policies? It is a recipe for mendacity.”
Bryan Caplan, The Myth of the Rational Voter: Why Democracies Choose Bad Policies“Good intentions are ubiquitous in politics”
what is scarce is accurate beliefs.