Thursday, February 16, 2012
Which does a better job for the poor, free markets or socialism? Milton Friedman
There is no better system for eliminating poverty than the free enterprise system. Real poverty in this country is a result of bad government failures. Black teens? Lousy government schooling, minimum wage as an anti-Negro law (1978 before race terms were changed), government welfare machine which has produced poor people--encourages families to break up. Our standard of poverty is above the average income of all the people in the USSR--that doesn’t mean we shouldn’t work on it, but we need to recognize the source and problem.
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2 comments:
Murray sez:
A year after I was married I was earning about $6,000 for a family of three. You know... I think I might have been impoverished and could have qualified for aid. Hmmmm? Gee,I wonder what the statue of limitations is?
That was pretty good for those years--the median, or about $45,000. Use one of those calculators, plus the deductions were $500 each then--you may have been doing better.
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