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Oct 9
“…any democracy that does not transfer income from rich to poor almost always ends up attending to the interests of the poor in other, far more costly ways.”

Robert Frank (via azspot)

Robert H. Frank is the Henrietta Johnson Louis Professor of Management and a Professor of Economics at the Samuel Curtis Johnson Graduate School of Management at Cornell University. He contributes to the “Economic View” column, which appears every fifth Sunday in The New York Times. Link to his website.

Frank in an interview with Rachel Maddow about the foolishness of Congress not extending unemployment benefits (he appears about half-way through this video clip at 3:33):

I admit that I’ve been one to grapple with separating unemployment extensions from the whole concept of welfare, or to be more accurate, the dysfunction in both systems. Learning the economic views, and simply following the path-of-fact, of when money is reinvested into the struggling economy and when it’s not, is helpful in being more educated about all of this, and hence, more open-minded.

(via newsweek)


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