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The Complexities of Democracy
The chapter delves into the shortcomings of democracy and the benefits of keeping decisions slightly further away from voters. It explores the complexities of governance, the role of experts in decision-making, and the impact of national debt on government policy. The speakers discuss areas where voters are most ignorant and most correct, debate the difference between expert opinion and voter opinion on crime, and examine the influence of populism on people's perceptions. They also critique the expert class and emphasize the value of honest conversations and reliable information.