To: GilGil
Can anyone here explain why greats like Hayek and Friedman bought into this idea? Is it as simple as wiping away the bureaucracy of transfer payments?
To: major-pelham
Is it as simple as wiping away the bureaucracy of transfer payments?
I think so. I think they felt that you could never eliminate welfare as a practical political matter. And that for every dollar spent on benefits, five to eight are spent supporting the bureaucracy that distributes it.
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