originally posted in:Secular Sevens
Even a guy like Milton Friedman, the leading intellectual in neoliberal economics, supported a negative income tax that gave low income people direct cash transfers.
The reality is there needs to be some degree of a stabilization mechanism in place to prevent the booms and busts from being too wild.
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IIRC even Hayek admitted the government needed to play some role in the "free market" in areas certain areas, e.g. education.