The Role of the Regulators in Populism

"Populism is really the political version of social desirability bias," says Cato Institute president. "It's when you evaluate policies purely on how they sound superficially and that sounds good but it fails a cost benefit in a test" The question before us is does the regulators fuel populism, he asks. 'We have a lot of evidence that policy is heavily based upon perceptions of voters'