Tuesday, December 25, 2007

Perverse Incentives

This op-ed warns the U.S. not to follow European economies into a mesh of entitlements.
Swedes are the healthiest people in the world – and yet the country has the world's highest rate of disability. Assar Lindbeck, one of Sweden's best-known economists, notes that the social programs have made it acceptable to live off others and not to work.

Linked from Cafe Hayek.

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