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Hosted by David Beckworth of the Mercatus Center, Macro Musings is a podcast which pulls back the curtain on the important macroeconomic issues of the past, present, and future.

May 28, 2018

Sam Hammond is a poverty and welfare policy analyst for the Niskanen Center and has recently published a new paper titled, *The Free-Market Welfare State: Preserving Dynamism in a Volatile World*. He joins the show today to discuss the paper along with some of his other research. Sam and David also discuss the repercussions of the China shock, how to reform America’s welfare system, and the design characteristics that would define an ideal social insurance state. Sam’s Twitter: @hamandcheese Sam’s Medium profile: Related Links: *The Free-Market Welfare State: Preserving Dynamism in a Volatile World* by Sam Hammond *From Tiananmen to Outsourcing: the Effect of rising Import Competition on Congressional Voting Towards China* by John Seungmin Kuk, Deborah Seligsohn, & Jiakun Jack Zhang *Populism and the Economics of Globalization* by Dani Rodrik *Food Stamp Entrepreneurs* by Gareth Olds *If You Want to Rebuild Civil Society, Don’t Abolish Welfare – Decentralize it* by Sam Hammond *Diversity and Crowd-Out: A Theory of Cold-glow Giving* by Daniel M. Hungerman *It Takes a Nation* by Rebecca Blank *Filthy Lucre: Economics for People Who Hate Capitalism* by Joseph Heath David’s blog: David’s Twitter: @DavidBeckworth