But I wonder if the problem runs deeper. When it comes to listening to many of our politicians, I'm afraid often the primary thing the public has to consider is whether their rhetoric is the result of incompetence or dishonesty. I have to confess, sometimes I genuinely don't know. Take the minimum wage, which as I've shown before repeatedly in numerous past Blog posts lacks so much pull that it couldn't even shift the skin off a rice pudding. The number of politicians who call for its endorsement and incremental increase is astounding. Whether it's on Newsnight, Question Time, The Big Questions or Free Speech, you'll find they are all at it. And not just the minimum wage - price freezes, artificial protection of British industry through subsidies or bailouts - all of these things over which the State has far less control than the public realises.
EDIT TO ADD: I briefly alluded to the toxic co-dependency between politicians and the electorate that votes them in - I think it's another factor as to why we have so many misjudged politicians; we have so many misjudged members of the public that demand their wishes and views are represented by politicians. Moreover, economics is about the most misunderstood subject around, largely because, as Bastiat pre-empted in his great seen and unseen essay, most people only have (or allow themselves) enough intellectual wherewithal to focus on how things affect an easily identifiable group, rather than how to affects all groups. Consequently, then, the selection pressure for politicians to be economically astute is diminished by their knowledge of the electorate's lack of astuteness.