Wednesday, June 05, 2013

Video: Median Voter Theorem: Why politicians sound the same

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The following video from learnliberty.org explains why politicians sound almost the same. (hat tip Cafe Hayek)

Via the median voter theorem, the general tendency of political rhetoric have been geared towards the “outcome most preferred by the median vote” or telling the median voters what they want to hear in order to gain their votes or approval.

In other words, political rhetoric panders to the economically ignorant populist "madlang people" irrational voters

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