Thursday, September 15, 2011

"....(In the United Sates, poverty declined consistently..."

"....(In the United Sates, poverty declined consistently from 1950 until 1968, when supposedly antipoverty programs first began to receive significant funding.  Since then, the poverty figures have stagnated in spite of trillions of dollars spent.)

Never before in the history of the world have so many people seen such an improvement in their living standards.  And these wonderful results have come about quite in spite of official development aid programs devised in the West.  They are, instead, the natural result of the market economy.  Forget about all the propaganda, the sloganeering, the misinformation, the willful misunderstanding of how the market works, all of which characterize fashionable opinion on the subject.  These are facts- and they should not be unexpected facts, if we understand sound economics." -Page 101 of The Revolution, A Manifesto

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