Margins Matter

Tyler Durden of ZeroHedge points out some of the insanity of our welfare state:  a single mother earning $29,000 a year has a higher take-home pay than a single mother earning $69,000 a year.  This isn't new---Milton Friedman and Henry Hazlitt debated this same topic 45 years ago in National Review, where Friedman argued for a negative…

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