The Free Market Welfare State

We often see economic policies being bundled together: one political party likes more regulation, high social spending, and overall government intervention in the economy; the other party favors less regulation and less government presence in the economy. But these different choices don't need to be packaged together. In fact, it's possible that high social spending can even reinforce and create more popular support for market-friendly policies. In this episode, Sam Hammond of the Niskanen Center talks about his recent paper "The Free Market Welfare State."

Read Sam's paper here: "The Free Market Welfare State"

Music provided by The Benevolent Dictators via their recent album "Silent Revolution" all about Adam Smith.