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"Generous unemployment benefits can increase both structural and frictional unemployment. So government policies intended to help workers can have the undesirable side effect of raising the natural rate of unemployment."

— Paul Krugman
paul krugman Quotes Unemployment,Undesirable,Generous

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Paul Krugman
Unemployment
Undesirable
Generous
Economics
Rate
Philosophy
Government Policy
Benefits
Side Effects
Unemployment Benefits

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Who then would not like to see these benefits flow upon the world from the law, as from an inexhaustible source? But is it possible? Whence does the State draw those resources that it is urged to dispense by way of benefits to individuals? Is it not from the individuals themselves? How, then, can these resources be increased by passing through the hands of a parasitic and voracious intermediary?

— Frederic Bastiat

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Tariffs, government contracts, naval and military spending, nationalized industries, tax policy, social welfare, the legal privileging of labor unions were among the means at the disposal of the governing class to exploit the public at large for the benefits of its various clienteles.

— Ralph Raico

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