Thursday, March 20, 2014

"Free the poor"

No surprises here:

Economic Freedom Helps Poverty More Than Government Aid

March 19, 2014
Economic freedom does more to alleviate poverty than government aid, says Julian Adorney for the Foundation for Economic Education.
A study from Daniel L. Bennett and Richard K. Vedder analyzes economic freedom and income inequality in the United States, finding that economic freedom decreases inequality, benefiting the poor and middle class more than the wealthy.
Looking at the 50 states, and using limits on government to measure economic freedom (the authors looked at size of government, level of taxation and labor market regulation), the study found that most gains went to the wealthy during the initial stages of economic freedom. However, at a certain point (and 21 states had already hit this point by 2004), that result shifts, leading income inequality to decline as states grow more and more free.


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