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
Currency: Three Jobs, One Word
A currency does three separate things. In 2026 they started moving in opposite directions at once — and the job everyone watches is the one that matters least. In the first quarter of 2026, three measurements of the dollar's standing pointed three different ways in the same window. Its share of the world's official foreign-exchange … Continue reading Currency: Three Jobs, One Word
cafebedouin.org 