The Politics of Derisking

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Timothy Stanley: I think it's there's a couple of different theories that you hear articulated, and there's two in particular that sometimes get collapsed, but are actually distinct. He says one theory is that the flow of benefits and investments into those districts will make it extremely awkward for Republican elected officials to try to cut off the flow of funds. Another theory is almost in a sense the political opposite of that, which is about locking in the policy, he says.

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