in the short run at least, the free-money policies of the Federal Reserve are supporting many blue-state economies. Plastering institutional investors with low-interest greenbacks raises the price of assets — notably stocks and real estate — creating high incomes for wealthy taxpayers that can then fill the coffers of these states.Another great one from Joel Kotkin.
Tuesday, February 12, 2013
New Geography reports:
Posted by Steve Bartin at 3:54 PM