Ron Paul vs. the Median Voter Model
By Bryan Caplan
I’m already devouring Brian Doherty’s Ron Paul’s Revolution. Brian’s such a great writer and such a careful historian – a true treasure. To me, though, the biggest puzzle isn’t how Ron Paul can command the loyalty of 5% of the U.S. population, but how Paul manages to repeatedly win re-election in a seemingly normal congressional district.
The Median Voter Theorem usually works pretty well in the real world. Why does it fail so badly for Ron Paul? Please show your work.