This and that for your Tuesday reading.
- Sarah Ayres discusses the value of the social safety net as a matter of both social and economic policy: A significant body of evidence supports the view that, far from creating a so-called poverty trap, the safety net actually reduces poverty, increases economic mobility, and strengthens our national economy. Moreover, studies have shown that many antipoverty programs, especially those that target children, offer an excellent return on investment to taxpayers.…An analysis by the Council of Economic Advisers shows that when safety net programs are taken into account, the poverty rate actually fell from 26 percent in 1967 (Read more…)
