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Archive for November 21st, 2011

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Do Bailouts Help the Poor?

Monday November 21st, 2011   •   Posted by Emily Skarbek at 8:55am PST   •   2 Comments

Recently, I posted about Adam Smith’s fiscal principle: “What is prudence in the conduct of every private family, can scarce be folly in that of a great kingdom.” In light of this rule, it is important to consider whether or not the state should bail out the heavily indebted poor. Considering hard cases such…
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