3min chapter

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Washington Gridlock—How Will the Markets Respond

After Hours

CHAPTER

What's the Relationship Between Government and Growth?

There's a break in the relationship between divided government and how competitive is politics. The most intense periods of political competition actually don't spill over into that kind of spending, says Julian Zelizer. And one idea that, I don't know if it's true, but it sounds plausible to me is that in the 1980 to 2020 period, politics has gotten more extreme.

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