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Top Economist Warns of the Welfare State, the Biggest Threat to Prosperity

HONG KONG — The opening Mont Pelerin Society (MPS) address by Allan Meltzer, of Carnegie-Mellon University, warned attendees that the welfare system in America is getting out of control and could result in slow economic growth for years to come.

“The greatest threat today is the welfare state,” Meltzer said. “Lowering taxes does not appeal to the average voter because they don’t pay income taxes anymore.”

Meltzer added that “the welfare system can’t exist without a vibrant capitalistic economy.”

Read more about the dangers of the welfare state at Eagle Daily Investor.

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The opening Mont Pelerin Society (MPS) address by Allan Meltzer, of Carnegie-Mellon University, warned attendees that the welfare system in America is getting out of control and could result in slow economic growth for years to come.

archive

Top Economist Warns of the Welfare State, the Biggest Threat to Prosperity

The opening Mont Pelerin Society (MPS) address by Allan Meltzer, of Carnegie-Mellon University, warned attendees that the welfare system in America is getting out of control and could result in slow economic growth for years to come.

HONG KONG — The opening Mont Pelerin Society (MPS) address by Allan Meltzer, of Carnegie-Mellon University, warned attendees that the welfare system in America is getting out of control and could result in slow economic growth for years to come.

“The greatest threat today is the welfare state,? Meltzer said. ??Lowering taxes does not appeal to the average voter because they don’t pay income taxes anymore.”

Meltzer added that “the welfare system can’t exist without a vibrant capitalistic economy.”

Read more about the dangers of the welfare state at Eagle Daily Investor.

Newsletter Signup.

Sign up to the Human Events newsletter

Written By

Mark Skousen is a college professor, prolific author and world-renowned speaker. He??s made his unique sense of market and investment trends known and respected in the financial world. With a Ph.D. in economics and a focus on the principles of free-market capitalism and ??Austrian? economics, Mark Skousen has often gone contrary to the crowd in his investment choices and economic predictions ?? and has often been proved right.

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