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It’s a common sentiment to want to control how poor people spend their money. But studies have shown that cash is often best and we can maximize welfare by lett
by mrfusion 7y ago
It’s a common sentiment to want to control how poor people spend their money. But studies have shown that cash is often best and we can maximize welfare by letting people choose how to spend their money.
Here’s some introductory reading. https://www.google.com/amp/s/amp.theatlantic.com/amp/article/407236/ https://www.google.com/amp/s/amp.theatlantic.com/amp/article...
- tomschlick 7y agoWhile I don't disagree that it can lead to better systems. Most of those "studies" were very small in their test group and wouldn't scale to work for the entire US. There is also the problem that when everyone has an extra $1k in their pocket each month the price of almost everything will rise to consume it.