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@UCDavisEcon Peter Lindert's new book featured in @Bloomberg

@UCDavisEcon Professor Emeritus Peter Lindert released a new book, Making Social Spending Work, featured by Bloomberg. Lindert talked with Justin Fox about why redistributive policies within what is known as a `welfare state' can reduce inequality without dampening economic growth or creating huge deficits.

"It’s a free lunch in the sense that it doesn’t lower our average incomes, but at the same time it does provide other things such as more equality, cleaner government, etc. Lifespans are longer, welfare states do not run bigger deficits, poverty is lower."