Politicians must balance popular policies against actual results: simply enacting whatever voters demand can backfire, because if the resulting economic outcome is bad (as with Nixon's wage-price controls or Gray Davis), voters may turn on them—so discretion sometimes leads politicians toward better policy than pure pandering.

causalpending

Speaker

Bryan Caplan

Evidence Quote

let this be a warning to any other politician who intends on doing exactly what the people want

Source

Bryan Caplan on The Myth of the Rational Voter 6/25/2007EconTalk
Created: 6/15/2026, 9:20:37 AM

My Notes

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