From bank rescues and market forays to currency curbs and social safety nets, official involvement in economic activity is reaching levels not seen for at least a decade.

CNN: A NEW COURSE

The net effect of the law is therefore likely to be a small reduction in the economic activity of LA County and no greater safety for any of the actors at all.

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Although such payments may be justified as part of a social safety net, rewarding non-work and penalizing productive effort reduces jobs and economic activity.

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