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John Cogan on Entitlements and the High Cost of Good Intentions: John Cogan talks with host Russ Roberts about his book, The High Cost of Good Intentions, a history of US entitlement policy. He traces the evolution of government pensions from Revolutionary War vets to Social Security. Surprises include FDR as fiscal conservative and that there is still one person receiving monthly checks from the Civil War veterans pension program. The conversation concludes with Cogan's concerns over the growing costs of financing social security payments to baby boomers.

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John Cogan of Stanford University's Hoover Institution talks with EconTalk host Russ Roberts about Cogan's book, The High Cost of Good Intentions, a history of U.S. entitlement policy. Cogan traces the evolution of government pensions beginning with Revolutionary War vets to the birth and evolution of the Social Security program. Surprises along the way include President Franklin Roosevelt as fiscal conservative and the hard-to-believe but true fact that there is still one person receiving monthly checks from the Civil War veterans pension program. The conversation concludes with Cogan's concerns over the growing costs of financing social security payments to baby boomers.

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