Eakinomics: Finland Pulls the Plug on Free Money
The New York Times reports “Finland has been testing the proposition that the best way to lift economic fortunes may be the simplest: Hand out money without rules or restrictions on how people use it…. Now, the experiment is ending. The Finnish government has opted not to continue financing it past this year, a reflection of public discomfort with the idea of dispensing government largess free of requirements that its recipients seek work.”
At one level, it is easy to dismiss this as the Finnish simply coming to their senses. But […]
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