Source: Common Sense
by Paul Jacob
“In the winter issue of Cato Institute’s Regulation, economist Pierre Lemieux acknowledges H.L. Mencken’s famous line — ’Democracy is the theory that the common people know what they want, and deserve to get it good and hard’ — and sympathizes with ‘disappointed voters’ following last November’s election. ‘The common person does know what he wants,’ argues Lemieux, explaining that ‘he succeeds so well in his private life.’ Of course, our economic marketplace and our political marketplace are markedly different.” (01/03/25)