by Via Robert Waldmann via Paul Krugman: The central fact of U.S. political economy, the source of our exceptionalism, is that lower-income whites vote for politicians who redistribute income upward and weaken the safety net because they think the welfare state is for nonwhites to Noah’s opinion : A few people have noticed me tweeting a lot more about racial/cultural issues in the last two years, and less about the nuts and bolts of economics. Well, let me explain why.
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Dan Crawford considers the following as important: US/Global Economics
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Via Robert Waldmann via Paul Krugman: The central fact of U.S. political economy, the source of our exceptionalism, is that lower-income whites vote for politicians who redistribute income upward and weaken the safety net because they think the welfare state is for nonwhites to Noah’s opinion : A few people have noticed me tweeting a lot more about racial/cultural issues in the last two years, and less about the nuts and bolts of economics. Well, let me explain why.