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Dropping Money From Helicopters: Economist John Cochrane On Inflation | Peter Robinson | Hoover Institution

Uncommon Knowledge

CHAPTER

The Red State Model and the Blue State Model

For a couple of decades now, we've been conducting an experiment here at home. Last year for the first time in history, the population of California shrank. A number of red states don't even have an income tax. The people who benefit from the current system, they know they'll lose.

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