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Cash is turning out to be the most effective welfare
For too long people in need have been stereotyped as lazy and dependent. Cash payments give them the breathing room to chart a better life course.
By Noah SmithBloomberg Opinion
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President Joe Biden’s $1.9 trillion COVID-19 relief bill has passed the Senate, clearing the way for it to become law. Much of the legislation is dedicated to handing out cash to individual Americans. This is a sign post for a tectonic shift that’s underway in U.S. policy thinking toward unconditional money transfers as the optimal way to help people in need.
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