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
Blue States Double Down On Suicide Strategy
New Geography reports: