My main worry about referendums is that you are taking a very complicated political question that requires knowledge of a bunch of background facts in the social sciences and you're handing that question to people who don't know those facts and in fact, are systematically misinformed about them.

For some reason when it comes to democracy, we seem to think that political knowledge doesn't make any kind of difference or we shouldn't say that it does, like it would hurt people's feelings.

When I'm crossing the street, I look both ways and I process the information rationally because if I make a mistake I get hurt, but when I cast a vote, kind of regardless of how I voted, doesn't make a difference and that's sort of a recipe for uninformed and irrational voting.

The power to regulate the economy is the same thing as the power to distribute favors.

The problem with voting is that because your individual vote makes very little difference, you're voting with a mass of others, you have very little incentive to take care in carefully considering what your vote would mean.

It's often considered elitist to say that well maybe voters are uninformed and that they should know more before they cast their votes. It's strange to say that because it's also elitist to say that to run a radio station requires skill or to be a plumber requires skill and background knowledge.

My main worry about referendums is that you are taking a very complicated political question that requires knowledge of a bunch of background facts in the social sciences and you're handing that question to people who don't know those facts and in fact, are systematically misinformed about them.