Ricochet is the best place on the internet to discuss the issues of the day, either through commenting on posts or writing your own for our active and dynamic community in a fully moderated environment. In addition, the Ricochet Audio Network offers over 50 original podcasts with new episodes released every day.
On this special episode of Political Economy, we structured the podcast around one theme: “Questions you always wanted to ask an economist, but were too afraid to ask.” After soliciting questions from friends, family, and Twitter, we posed them to AEI economist Stan Veuger.
Dr. Veuger is a resident scholar at AEI, where his research is in political economy and public finance. He is also the editor of AEI Economic Perspectives.
Entitlement programs, policies fighting discrimination of specific classes of workers such as working parents or the disabled, the government issuing tax credits to ensure FDR’s dream of freedom from want. It all sounds fair and good, right? But what happens when the evidence – contrary to reveries dreamed up by American would-be Scandianvians – shows that these policies hurt employment and can prevent workforce re-entry? If your goal is stimulating wealth and economic growth for everyone, rather than providing wealth redistribution for a few, these welfare programs seem off the mark. Are there market oriented approaches to make work work better for Americans?
I spoke with Stan Veuger about this. Stan Veuger is a resident scholar at AEI, where his research is in political economy and public finance. Currently, he is also a visiting lecturer of economics at Harvard University for the 2016 fall term.