A seller-side report from the vote market. Yesterday's essay reconstructed the vote market from its transaction records — responsiveness regressions, the forty-year evangelical purchase, the post-1998 European repricing. Transaction records have a blind spot: they show what cleared, not what it felt like to be the commodity. Between November 2025 and April 2026, Pew Research … Continue reading The Commodity Speaks
The Vote Market: What Democracies Actually Trade
For forty years, the best empirical work on policy responsiveness has produced two findings that do not fit together. The first: when the preferences of low- and middle-income Americans diverge from those of the affluent, the relationship between what the less advantaged want and what government does is statistically near zero — a flat line … Continue reading The Vote Market: What Democracies Actually Trade
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