Wednesday, June 1, 2011

Time Horizons Thomas Sowell Edition

FLG noticed that Mrs. P posted something by Thomas Sowell the other day. As it happens, FLG happened to have stumbled across an old video of Sowell debating Helen O'Bannon on the effects of welfare.

At one point, O'Bannon says "Let's cut off welfare tomorrow. What will they do? What will be their immediate response? At what price to their small children and to their middle age children?" Likewise, at the end, O'Bannon says that she's not making welfare recipients have illegitimate children, to which Sowell replies that she doesn't have to, she simply subsidizes it. And FLG thought to himself, there's FLG's Time Horizons Theory (c) at work once again.

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