Democracy doesn't punish high time-preference: http://ace.mu.nu/archives/365099.php … That's the only critique needed.
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Replying to @Outsideness
... Converting foreign policy to ADHD seems like a great idea. The electorate love it, and so does the NYT. ...
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Replying to @Outsideness
... Democracy doesn't do grown-up governance. Eventually, that becomes obvious to everyone.
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Replying to @lulach_cuardach
The Founders understood almost everything. If it was an (even slightly) easier problem, they'd have got it right.
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Replying to @lulach_cuardach
Even governance technology needs a beta roll-out.
7:34 AM - 5 Aug 2016
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