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Wolf Richter: Worst “Zombie States” deteriorate faster, further

JUNE 24, 2016 | by Yves Smith | NAKED CAPITALISM

Includes “Yves here. Of course, if we still had revenue sharing, implemented by the great American socialist Richard Nixon, the weak states would be in better shape. … The argument for revenue sharing became even more compelling after Nixon took the US off the gold standard in 1971, but Reagan abolished the program…”

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