This paper considers fiscal policy during the pandemic through the lens of optimal social insurance. We develop a simple framework to analyze how government taxes and transfers could mimic the ...

As for the bizarre conspiracy theory that Democrats use social-insurance programs such as Social Security as a “gigantic magnet to attract illegal immigrants,” let’s not forget that ...

Comparing a ninety-year-old federally backed social insurance system with a form of fraud that got its name in the 1920s—when Charles Ponzi was sent to prison for bilking investors out of millions of ...

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