Free Exchange | S.C. | America's fiscal union: Blithe acceptanceThere's a good reason for that: we actually are a nation, and Europe is not.
In a blogpost on Friday, Paul Krugman pointed out that income gaps between euro-members are no greater than income gaps between American states. The difference, he writes, is that
we think of ourselves as a nation, and blithely accept fiscal measures that routinely transfer large sums to the poorer states without even thinking of it as a regional issue
Mrs SB7 and I have frequent "fiscal transfers" between ourselves. My unmarried friend Anne and her boyfriend Bob do not. Would anybody look at that situation and decide the difference is that Mrs SB7 and I "think of ourselves as a family"?