By Arnold Kling
When Americans finally must look daily to the stock market rather than the government as guardian of their retirement, their appetite for fantasies and demagoguery on bread-and-butter issues like gas prices will decline too. The single biggest advance for self-government since the invention of literacy will be liberating voters from the infantilizing illusion that somebody else can provide for their old age.
Let’s face it, our politicians aren’t as stupid as they strive to appear. They talk to us as if we’re idiots because we’ve shown them we want to be talked to like idiots. When we change, they will change.
Now that Bryan has settled on The Myth of the Rational Voter as a title for his forthcoming book, we can refer to it in shorthand as MRV.