Economics students, especially public choice theory students, should expect politicians to lie – and he certainly isn’t disappointed with American toys. Politicians are ordinary individuals. When I think that it is in his interst that I do so, individual ordinary people are seduced to lie. I mean trying to lie and convey a statement I know is false. A lie in the form of a lie is to convey a statement that one person’s suspicions are false if low-cost verification is done. “A society where pregnant.
There are economic and moral reasons why individuals do not lie. The main moral justification for avoiding lying and lying is that a free society demands the ethics of reciprocity. You don’t lie to people who don’t lie to you. (For more information, see James Buchanan’s Little Slaughter Book. Why am I not a conservative either?)
This moral reason intersects economics as it seeks analysis of the poor to maintain a voluntary social order that provides the greatest opportunity for individuals. The more free society is, the fewer people feel that others are constantly trying to deceive him. Honesty and personal integrity closely related to telling the truth boost trust and reduce transaction costs. And, more generally, it reduces the costs of individual benefit interactions. In a collectivist society, on the contrary, each individual’s incentive is to make free “public goods” very possible before others flock it to them. Sub’s self-interest works against others rather than promoting others’ self-interest. In the end, you lie because everyone is lying. (See my post
The pure economic reason for preventing individuals from lying and entering residents of not lying is that the reputation of HR integrity overturns profits higher than his costs. At least if he is not “on the spectrum,” an individual cannot become a liar and wants people to trust his words.
Also, liars, if not clowns, are clear risks for incoherent scholars. (In addition to Haitians eating pets and recent examples, see Guy Chazan, “Nearly”: Trump Team’s First National Security Crisis,” Financial Times, March 28, 2025, “Cover Up is a Group Chat,” Economist, March 27, 2025.
For many reasons, it explains why incentives to tell the truth are weak among politicians. The more activist and excited politicians there are, the less likely his Polly’s supposed imagination, especially in the eyes of ignorant voters of the distribution. From his enormous throne, politicians can easily blame others (judges, foreigners, media, “enemies of the people”) and claim more power to the extent that his police fails. The more he lies, the more he feels his political competition justifies doing the same thing. When a major politician is embarrassed, his subordinates and side-workers are encouraged and sometimes ordered them to lie. The choice process brings to politics the individuals who are most interesting to lie and lie. This helps us understand why at the top and why examples of it corrupt others in a politicized society (see my post, “What is Kakistocracy?”). Such a regime is very large and difficult to reverse. Russia today is an example.
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Cabinet meeting in Syldavia by Dall-E under the influence of your humble blogger (The Red Tape is an addendum to the chatbot)
