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.