Friday Night Reads Shocking; with interest rates negative on inflation protected bonds and elevated unemployment keeping inflation low, debt-servicing costs are half of what they were (in % of GDP) when Reagan left office. Serious economic commentators have been saying this for 4 years; too bad no one was listening to them. Fascinating stuff; it turns out that folks on the low end of the income spectrum give a higher percentage of their incomes to charity every year than those at the top. Even more fascinating; when tendencies to make¬†charitable donations are broken down by zip code, affluent households in neighborhoods with a higher proportion of other affluent households give less than affluent people living in socioeconomically diverse areas. Turns out that exposure to need fosters generosity–I wonder if support for government programs benefitting low income groups (Medicaid, TANF, SNAP, etc) follows a similar pattern?


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