The Birth of A Transfer Society

This study examines the rise of government transfers in the U.S., analyzing their historical context and constitutional implications. It advocates for new provisions to limit transfer powers and restore economic health.

The Birth of a Transfer Society explores the significant transformation in the United States regarding financial transfers and their impact on the economy. The authors detail how these transfers, which have grown from negligible amounts to a substantial portion of the gross national product, have led to diminishing productivity. They emphasize that as the volume of transfers increases, so does the allocation of resources necessary to manage and sustain them. This shift has also heightened social tensions surrounding the legitimacy and distribution of these transfers.

The study delves into the historical context that has contributed to the rise of transfer payments, focusing particularly on the constitutional framework and its interpretations. By analyzing how the Constitution influences economic activities, the authors provide a comprehensive view of the mechanisms behind this societal shift. Their examination reveals that the legal and political structures in place have facilitated the expansion of transfer programs, often at the expense of economic efficiency.

In their thought-provoking conclusion, the authors challenge the prevailing acceptance of transfer privileges and advocate for a reevaluation of these policies. They propose the drafting of new constitutional provisions aimed at curtailing governmental power over transfers, with the goal of restoring economic vitality. This book serves as an essential resource for students and scholars of Economic History, Public Policy, and American Government, offering critical insights into the implications of transfer payments on society and the economy. Originally published in 1980 by the Hoover Institution Press, it remains relevant in contemporary discussions about government intervention and economic health.