By Matthew Parish*
Should we regard welfare benefits as charity for the poor, or as a key plank of macroeconomic policy? Where the number of the poor threaten to overwhelm the state so much as to suppress demand for consumer goods and thereby perpetuate recession, we should change our focus from the former to the latter. Doing so carries with it a number of ancillary administrative and social benefits. The aftermath of the Covid-19 lockdown threatens to generate such burgeoning unemployment and widespread poverty that we should henceforth consider welfare benefits in an entirely different fashion. We should act radically, […]
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