
Source: Congressional Budget Office
Source: Congressional Budget Office
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https://invertedlogicblog.wordpress.com/2019/12/14/milton-friedmans-answer-to-welfare-reform/
Thanks for link!
My pleasure. Please feel free to provide feedback.
I most certainly will, and I will report back in the next day or two … In the meantime, Merry Christmas!
Belated Merry Christmas to you as well.
I finally got around to reading your 12/14 blog post on “Milton Friedman’s Answer to Welfare Reform” and enjoyed it a lot, especially the way you compare and contrast Friedman’s classic NIT proposal with utopian UBI ones. (In fact, I am going to feature your excellent post on this blog when I return from my travels on the 6th.) In the meantime, did you know that Nixon proposed — and that Congress almost enacted (!) — a modified NIT plan in the early 1970s? As it happens, I an currently writing a paper about this doomed NIT plan. As I see it, one reason it was not adopted is because it did go far enough — it did not replace most welfare programs as Friedman had originally proposed — and at the same time, because it went too far (!) by providing every poor family a minimum income regardless of willingness to work. I will be posting my paper to SSRN next month, but I would be happy to share a draft with you via email….