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AKICOLJ: The Townsend Plan and the state of Washington

I just read this in passing: "The State of Washington pretty well went broke on the Townsend Plan {during the 1930s} without getting the economic benefits it had hoped for. (I simplify, but it's a reasonable summary.)" I can find references to Francis Townsend, and his plan. What I haven't been able to find are any specific references to the state of Washington trying it out, with middling to bad effects. Anyone? Bueller? Thanks in advance.

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