Thomas Sowell Is A National Treasure... AND??
Making the Argument with Nick Freitas
The Evolution of Welfare
Perverse incentives in welfare systems can lead to unintended consequences. Welfare policies from the 60s and 70s altered the positive trends in economic mobility and poverty reduction seen since 1900. The creation of a massive welfare state led to a stagnation in progress, raising questions about the system's effectiveness. The presence of organizations dependent on a problem for their existence can create perverse incentives within government welfare programs, as eliminating the issue would eliminate their need for resources and funding.
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