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Encouraging Work

Few policies manage to be economically illiterate and heartless at the same time. But Britain’s Conservative government has achieved just that, by cutting tax credits for low-income workers.

SANTIAGO – Some policies are economically illiterate, for they cause avoidable inefficiency. Others are heartless, for they cause avoidable human suffering. Few policies manage to be economically illiterate and heartless all at once. But Britain’s Conservative government has achieved just that, by cutting tax credits for low-income workers.

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