> Welfare cliffs are an unfortunate feature of the American welfare system. They occur when a family’s breadwinner, or an individual, discovers that his or her

> Welfare cliffs are an unfortunate feature of the American welfare system. They occur when a family’s breadwinner, or an individual, discovers that his or her family will become worse off economically by earning more money. It sounds paradoxical, but it happens whenever the loss in welfare benefits exceeds the additional take-home pay. Had to double-check...what I said still stands. If people are retaining more of what they earn (nationally, not just on an individual basis), market dynamics should play out that costs are lower, too, meaning you're not chasing increasing prices all the time with the same money (if we were on a Bitcoin standard, that would be even more true as there'd be no means for manipulating the money supply).