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Who Really Cares About the Poor?

FletchforFreedom Wrote: Oct 13, 2012 3:10 PM

Okay, I'll choose Mises and Hayek. They predicted, among other things, a little event called The Great Depression not to mention the boom-and-bust cycle that has persisted ever since. People whio have heeded their advice have been rewarded handsomely. Now, if you are suggesting that no one should engage in market behavior based on the presictions of keynesians and socialists - history shows that it is foolish.

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Who Really Cares About the Poor?

Capitalism favors the rich. Socialism helps the poor. These are core beliefs of almost everybody on the left, including our president. Ah, but it turns out that this worldview is completely wrong.

Economists associated with the Fraser Institute and the Cato Institute have actually found a way to measure "economic freedom" and investigate what difference it makes in 141 countries around the world. This work has been in progress for several decades now and the evidence is stark. Economies that rely on private property, free markets and free trade, and avoid high taxes, regulation and inflation, grow more rapidly than...