Man Vs. the Welfare State |
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50 per cent A. V. Dicey advocates American amount average balance of payments benefits billion budget bureaucrats capital central banks CHAPTER chronic commodities competition consumer corporations cost countries currency debt deficit demand discourage dollar earned economic growth economists effect employers ernment Federal fiscal forced foreign aid free market funds gold standard governmental gross national product guaranteed income guaranteed-income higher incentives income tax rates increase individual industry inflation International Monetary Fund labor less libertarian liberty Ludwig von Mises ment merely minimum wage monetary monopoly negative income tax nomic paper money persons policies political poor poverty present price control prices and wages problem production profits programs proposal purchasing power raise recipients reduce relief payment result revenue schemes Social Security Spencer spending statistics subsidy supply Taft-Hartley Act taxpayers tion tional tive unemployment United Uruguay welfare