This reality of outright lying during campaigns is so familiar that we excuse it. It’s just what politicians do.
But suppose that a business owner did the equivalent in the market. Such behavior wouldn’t be tolerated by customers or by law-enforcement officials. For example, suppose that the owner of Acme Furniture, in a scheme to get more sales, outright lies with a radio ad that promises that everyone who buys any piece of furniture from Acme will get half of the purchase price refunded in 12 months. “Wow! Darn good deal!” consumers think. They flock to Acme and buy furniture.
One year later, Acme customers submit their applications for the refunds of half of the purchase prices they each paid. But these customers, rather than getting what Acme promised, instead get a note from Acme explaining that the promise of a refund was made in jest; it was designed only to get more consumers to buy furniture from Acme. “But don’t worry!” the letter from Acme continues, “you’re still better off having bought furniture from Acme than from any of Acme’s competitors. Trust me on this! Yours Sincerely,….”
From time to time unscrupulous (and, typically, also really stupid or myopic) business people pull fraudulent stunts such as this one. Yet – rightly – no one excuses these stunts as being par for the course in business. One reason, of course, is that such stunts are not par for the course in private business; far from it. But such stunts are indeed par for the course in politics. And yet, despite this reality, we are constantly told that businesses operating in competitive markets cannot be trusted to behave honestly unless they are regulated by politicians and bureaucrats operating in political ‘markets.’
Politicians lie and such lying is excused because it’s normal. But it’s not normal; it’s not normal in the private sector; it’s normal only in the very abnormal world of politics.
Don Boudreaux, “Politicians Lie Openly and Such Behavior Is Excused Because It’s ‘Normal’”, Café Hayek, 2016-09-05.
July 25, 2018
QotD: How can you tell when a politician is lying?
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