Bryan Caplan on the Myth of the Rational Voter
EconTalk
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The Implications of the Anti-Foreign Bias
There is a decent reason to be afraid of foreigners under primitive conditions. The problem is it seems like we transferred this fear to the Toyota dealership even though I don't think that anyone seriously thinks the Toyota dealership will come and kill them at dawn. People do not wait tables to serve their fellow man. Most people start businesses would like to make some money. And most businesses that they saw, way to save some money, would seriously consider doing it. So, in essence, what you can say is that the general public tends to underestimate social benefits of relying on the market.
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