Supply-Side Economics, But for Liberals

Neil Irwin: “Certain social welfare policies, according to an emerging body of research, may actually encourage more people to work and enable them to do so more productively.”

“That is the conclusion of work that aims to understand in granular detail how different government interventions affect people’s behavior. It amounts to a liberal version of ‘supply-side economics,’ an approach to economics often associated with the conservatives of the Reagan era.”

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