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Debunking America’s Populist Narrative

Stagnating household income in the US is not the result of globalization, free trade, or immigration. The responsibility lies with US politicians peddling ideology instead of pragmatic macroeconomic management – and thus ultimately with the citizens who support and elect them, as well as those who don't bother to vote at all.

BERKELEY – One does not need to be particularly good at hearing to decipher the dog whistles being used during this year’s election campaign in the United States. Listen even briefly, and you will understand that Mexicans and Chinese are working with Wall Street to forge lousy trade deals that rob American workers of their rightful jobs, and that Muslims want to blow everyone up.

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