Federalism's Complex Role
The discussion explores how federalism can sometimes enable poor policy decisions rather than acting solely as a check and balance. Insights reveal that while the U.S. often struggles with inflation and trade issues, Canada has managed better outcomes in these areas. The conversation highlights the need for further research into the less-explored negative aspects of federalism, suggesting it as a fertile ground for academic inquiry.In this clip
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EconTalk
Charles Calomiris and Stephen Haber on Fragile by Design
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