Jason Furman on “Liberation Day”
The Good Fight
Data Biases and the Dynamics of Populism
This chapter explores the biases in dataset construction for income inequality, particularly the limitations of tax return data. It contrasts the perspectives of sociologists and economists on the causes of populism, emphasizing the complex interplay of cultural and economic factors. The discussion also addresses the historical context of neoliberal policies, their impact on manufacturing, and the implications of recent fiscal measures by the Biden administration.
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