Question of the week: Is special money starting to drive out universal money?

Published on the Real-World Economics Review Blog, by Merijn Knibbe, October 22, 2010.

To me the remarkable thing is that the USA stops being ‘the land of the free’ as soon as it comes to the poor. One of the remarkable things about money is that, once you have it, you are free to spend it on whatever you like. People getting food stamps are not given this freedom: they get ‘special purpose money’ – which only buys food. Maybe that’s a good thing. Maybe it’s not. But it does run counter to the ‘it’s a free country’ idea … (full text).

Link: Money and other spiritual stuff, on Feels True, March 18, 2010.

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