S7 E7: Gilded Age 2.0
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Nixon's Economic Stance
- In the early 1970s, President Nixon's economic policies were more aligned with future Democratic approaches than those of future Republicans like Reagan.
- While he advocated for welfare reform, he also proposed a guaranteed minimum income for families with dependent children.
- This demonstrated that the prevailing consensus during the "30 glorious years" of a mixed economy with strong unions and a welfare state still influenced those in power.
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