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What the rich don t want to admit about the poor

I’m not going to pretend that I know how to interpret the jobs and inflation data of the past few months. My view is that this is still an economy warped by the pandemic and that the dynamics are so strange and so unstable that it will be some time before we know its true. Read more »

What the rich don t want to admit about the poor - The Economic Times

The Big Question: Does the Welfare State Make Countries Richer?

The Big Question: Does the Welfare State Make Countries Richer? Jun 06 2021, 6:48 PM June 06 2021, 5:30 PM June 06 2021, 6:48 PM (Bloomberg Opinion) This is one of a series of interviews by Bloomberg Opinion columnists on how to solve the world’s most pressing policy challenges. It has been edited for length and clarity. (Bloomberg Opinion) This is one of a series of interviews by Bloomberg Opinion columnists on how to solve the world’s most pressing policy challenges. It has been edited for length and clarity. Justin Fox: The coronavirus pandemic has caused a dramatic expansion in government-funded social welfare programs in many countries, including the United States. A major theme of your new book, “Making Social Spending Work” — as well as some of your earlier work — is that the welfare state is a free lunch. What do you mean by that?

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