Review: The High Cost of Good Intentions: A History of U.S. Federal Entitlement Programs

Mark Thornton

“Entitlement programs have worsened the problems they were designed to solve and are now giving out massive subsidies to the non-poor.

Economist Lawrence Kotlikoff has estimated that the present value of the “fiscal gap,” i.e. the projected entitlement expenditures minus projected entitlement tax revenues, to be in excess of $200 trillion! That figure leads me to thoughts of hyperinflation and the severe damage it can do to society.“

https://mises.org/library/review-high-cost-good-intentions-history-us-federal-entitlement-programs

SEE:

Review by Richard Duke on the Mises Institute website of the book: The Skyscraper Curse: And How Austrian Economists Predicted Every Major Economic Crisis of the Last Century by Dr. Mark Thornton

 

Book: Skyscraper Curse: And How Austrian Economists Predicted Every Major Economic Crisis of the Last Century by Dr. Mark Thornton