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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\u2019s welfare system, and the design characteristics that would define an ideal social insurance state. Sam\u2019s Twitter: @hamandcheese Sam\u2019s Medium profile: https://medium.com/@hamandcheese Related Links: *The Free-Market Welfare State: Preserving Dynamism in a Volatile World* by Sam Hammond https://niskanencenter.org/blog/the-free-market-welfare-state-preserving-dynamism-in-a-volatile-world/ *From Tiananmen to Outsourcing: the Effect of rising Import Competition on Congressional Voting Towards China* by John Seungmin Kuk, Deborah Seligsohn, & Jiakun Jack Zhang https://www.tandfonline.com/doi/abs/10.1080/10670564.2017.1363024?journalCode=cjcc20 *Populism and the Economics of Globalization* by Dani Rodrik https://drodrik.scholar.harvard.edu/files/dani-rodrik/files/populism_and_the_economics_of_globalization.pdf *Food Stamp Entrepreneurs* by Gareth Olds https://www.hbs.edu/faculty/Publication%20Files/16-143_2cf7ba14-5bfa-4c34-85d9-0edc0ddc7ce6.pdf *If You Want to Rebuild Civil Society, Don\u2019t Abolish Welfare \u2013 Decentralize it* by Sam Hammond https://niskanencenter.org/blog/rebuild-american-community/ *Diversity and Crowd-Out: A Theory of Cold-glow Giving* by Daniel M. Hungerman http://www.nber.org/papers/w13348.pdf *It Takes a Nation* by Rebecca Blank https://www.amazon.com/Takes-Nation-Rebecca-M-Blank/dp/0691004013 *Filthy Lucre: Economics for People Who Hate Capitalism* by Joseph Heath https://www.amazon.com/Filthy-Lucre-Economics-People-Capitalism-ebook/dp/B0058DTHNU David\u2019s blog: macromarketmusings.blogspot.com David\u2019s Twitter: @DavidBeckworth