Dorks And Losers

“Myopia is a seri­ous prac­ti­cal prob­lem for demo­c­ra­tic gov­ern­ments because pol­i­tics tends to pro­duce short time horizons–often extend­ing only until the next elec­tion, if not just the next pub­lic opin­ion poll. Politi­cians asked to weigh short-run costs against long-run ben­e­fits may sys­tem­at­i­cally short­change the future. Despite this well-known prob­lem, how­ever, few gov­ern­ment deci­sions have been removed from the polit­i­cal thicket.” — Alan S. Blinder, “Is Gov­ern­ment Too Polit­i­cal?” in For­eign Affairs Vol. 76, issue 6.

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