Michael Bloomberg, New York City’s mayor-for-life, has announced that the city will not go ahead with a publicly funded CCT program. A what? “CCT” stands for “Conditional Cash Transfer,” the current fad among anti-poverty campaigners. The name, unusually for social-policy onomastics, clearly describes the program. Cash ($$$$) is transferred (from some funding source, most likely an anagram of PAXTAYERS, to poor people) with conditions (“If you make sure your child attends school regularly, we’ll give you $50 a month”). CCT is not particularly a New York thing; there have been CCTs all over the world since the late 1990s. Nor...