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The Welfare State Prolongs Recessions

Audio Mises Wire
Audio Mises Wire
Episode • Mar 27, 2024

Far from being an “automatic stabilizer” that mitigates recessions by engaging in “countercyclical” spending, the welfare state actually makes recessions longer and deeper. Time to acknowledge that fact and do away with it altogether.

Original Article: The Welfare State Prolongs Recessions

 

 

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