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Is the Permanent income glass half full II

…The old fashioned and super simple assumption that consumers look at personal disposable income is an alternative explanation of the fact that consumption is less volatile than net national income….

Dear Ms. Boonstra: It’s too bad that you don’t live in Kentucky. Or Rhode Island. Or New York State. Or California. Or Arkansas. Or that Michigan’s state government now has a Republican governor, a Republican-controlled House, and Republican-controlled Senate. And, yes, that healthcare.com didn’t work until December. [UPDATED]

…that provides healthcare insurance. I know about Ms. Boonstra because, well, she’s now cut an ad, funded by the Koch brothers’ super PAC, Americans for Prosperity, attacking Democratic Congressman Gary…