/r/neoliberal
High Interest Rates and Long Term Fixed Mortgages Reduced 2022-23 Mobility by 16% and Caused $20 Billion of Deadweight Loss
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APSR study: Two New Deal programs (WPA, PWA) provided massive government subsidies to hire workers in the Great Depression. The WPA, wherein the government hired workers directly, substantially increased voter support for the Democrats. The PWA, which subsidized private sector employment, did not.
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