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The Idea Trap

  • Article
  • Nov 1, 2004
  • #Politics #Ideology
Bryan Caplan
@BryanCaplan
(Author)
www.econlib.org
Read on www.econlib.org
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1 Mention
Your country is falling apart. Unemployment and inflation are sky high. World war is on the horizon, and there are riots in the streets. But never fear: An election is coming up! Th... Show More

Your country is falling apart. Unemployment and inflation are sky high. World war is on the horizon, and there are riots in the streets. But never fear: An election is coming up! The incumbent will be thrown out for his failed policies. And the challengers will surely have the bright new ideas the country needs to turn itself around.

Or will they? Perhaps amidst all this the confusion, the people will hand the reins of power over to irresponsible demagogues, and conditions will go from bad to worse. This worry is hardly far-fetched. When do the “crazies” start to get a serious political hearing? Only after a country is already going down the drain.

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Patrick Collison @PatrickCollison · Feb 23, 2023
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I often think about this excellent post from Bryan Caplan:
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