Thursday, September 15, 2005

The visible hand

The Intellectual Activist has an excellent article on the impact of Hurricane Katrina. Robert Tracinski suggests that 40 years of welfare dependency in the United States has resigned many poorer people to a life on welfare and Government reliance. Why did so many people wait for federal assistance to arrive rather than use their own initiative to escape the area?

Has welfare in the United States replaced Adam Smith's invisible hand with the visible hand of Federal assistance? Is it doing the same thing in the UK?

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