9.18.2015

A little helping of the dismal science for breakfast (you may need an extra cup of joe)

Income inequality: Rich Democrats don’t care about the problem any more than rich Republicans do.

"Democracy gives the mass of citizens a path for protest when the gap between ordinary views and a closed rank of elite opinion grows too great. The populist insurgencies that increasingly dominate the contests to select both the Republican and Democratic candidates in the upcoming presidential election show the protest path in action. Elites—in both parties—remain baffled by Donald Trump and Bernie Sanders’ appeal; and they prayerfully insist that both campaigns will soon fade away. Our study suggests a different interpretation, however.…"

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