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.
Topics:
Dan Crawford considers the following as important: US/Global Economics
This could be interesting, too:
Sandwichman writes Labour power as a common-pool resource
Steve Roth writes Earned Labor Income Is a Small and Weak Lever. Unearned Property Income, and Wealth, Rule
Angry Bear writes Big Mac Index Measuring Purchasing Power Parity Globally
Angry Bear writes Buy an Electric Vehicle or a Hybrid Electric Vehicle?
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.