Paying for the Welfare State With A Free Lunch

Paying for the Welfare State With A Free Lunch
AP Photo/Michael Probst, file

Despite the old economic adage that there's no such thing as a free lunch, there is a way for governments to finance social-welfare programs without imposing a higher burden on taxpayers. National treasuries should establish Social Care Funds that borrow money at low interest rates and invest the proceeds in the stock market.

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