@Jason true but who are they paying this interest to? other americans (including themselves) who hold most of US treasuries as personal or institutional investment. It’s literal interest on savings.
``Successful performance of democratic regimes is critical for support for democracy."
From @DAcemogluMIT, Ajzenman, Aksoy, Fiszbein and Molina:
https://t.co/ky64gAzKQY
Kamala Harris mindlessly dances to song protesting her visit to US colony of Puerto Rico, stops clapping once her aide translates it.
🎵 "We want to know, Kamala, what did you come here for? We want to know what you think of the colony."
groundbreaking conclusion from the frontier of economic research, as (to soon be) published by the discipline's top journal: "Learning about the government’s malpractices undermined trust in institutions."
@DrWhitmanCobb Brilliant! and currently working on a paper on the economics of commercial space exploration and forever inspired by sci-fi, here and elsewhere. Excited to read the book!!