In a K-shaped recovery it turns out state/city budgets feel the pain more through expenditure than revenue. Better off Americans are doing fine and they are the main tax base -> California and NYC revenue far ahead of projections. Muni market relaxed.
bloomberg.com/news/articles/… https://t.co/ii1xkgrVJ7
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow
May 18, 2023
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow the money,…