Not really. Children need time to develop wisdom in order to understand the world and make decisions for themselves. In the meantime they must rely upon their parent's wisdom.
It's a parents job to get them to that point as quickly as possible
"Do as I say not as I do" comes from a place of love and wisdom.
Don't drink until you're old enough.
Don't smoke because I don't want you to become the nicotine addict that I am.
Etc.