There isn't a lot of wisdom in a mob, which is why most democratic organizations are representative systems where there is varying degrees of insulation from the passions of today.<p>It's pretty plain to see the effect. In the US House of Representatives, 2 year terms mean more stronger pandering from representatives and more radical legislation that goes nowhere.<p>In the Presidency with 4 year terms and the Senate with 6 year terms, you tend to get a more stable and moderating outlook. (With notable exceptions, such as the horror show of the "solid South")<p>Some US states have referendum. I don't live in one so I'm not aware of the nuances of less well known propositions, but what I do see seems to signal that referendum isn't a mechanism that is bringing more enlightened governance.