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#19 – Logan Chipkin: Understanding Economics

Arjun Khemani Podcast

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The Tradeoff Between Welfare and Stateism

Welfare, stateism raises the cost of those who are effectively helping poor people raising their standards of living. Welfare is basically like a blank stone wall that people just approach and take resources from. In fact, social capital is deteriorated because you're no longer going to community members. So I think it just comes down to do you think wealth is a fixed pie or do you think it's an open pie?

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