"The U.S. fiscal union has worked, in no small part, by enabling subsidies to the Mississippis without requiring the approval of the Minnesotas. It creates an important form of insurance."

Subsidies

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About Austan Goolsbee

Austan Goolsbee is an American economist who served as chair of the Council of Economic Advisers and later became president of the Federal Reserve Bank of Chicago. He is known for work on public policy and economic analysis.

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