The Myth of the Rational Voter

Cato Unbound � Blog Archive � The Myth of the Rational Voter: "Like moths to the flame, voters gravitate to the same mistakes. They do not cancel each other out; they compound.

In my book, and in this essay, I focus on the public's mistaken beliefs about economics. Partly, this is because I am an economist, but mainly it is because economics is such a clear example of a subject that is politically important ('It's the economy, stupid,') yet poorly understood. "