Adjusting Public Finances By Cutting Welfare is Too Simplistic

By Georg Wenzelburger, Albert-Ludwigs-Universität FreiburgCross-post from LSE, Originally Published February 12, 2014The argument that cutting social spending is an essential part of necessary fiscal adjustments is pervasive. That slashing welfare does not harm economic growth while tax hikes do is treated as received wisdom by many academics and policymakers. Georg Wenzelburger deconstructs the argument in favour of welfare … Continue reading Adjusting Public Finances By Cutting Welfare is Too Simplistic