Excerpt From Alan S. Blinder’s “Is Government Too Political?”

“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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