“The fundamental flaw in Social Security and Medicare is that they violate the 'welfare principle' in economics. The welfare principle forms the fundamental basis of all charitable work in churches and other private organizations: assist those who need help, and equally important, don't assist individuals who can take care of themselves.”
Quote by Mark Skousen
Author
Mark Skousen
Mark Skousen is an American economist born in 1947. He is known for his extensive research and teaching in the field of economics, particularly in macroeconomics and investment theory. Professor Skousen has held teaching positions at several renowned universities and has authored numerous economics textbooks. more
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