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Keyword: economicflexibility

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  • The Poverty Hype

    01/05/2006 12:12:35 PM PST · by FreeKeys · 6 replies · 709+ views
    Capitalism Magazine ^ | January 4, 2006 | Dr. Walter E. Williams
    Despite claims that the rich get richer and the poor get poorer, poverty is nowhere near the problem it was yesteryear -- at least for those who want to work. Talk about the poor getting poorer tugs at the hearts of decent people and squares nicely with the agenda of big government advocates, but it doesn't square with the facts. Dr. Michael Cox, economic adviser to the Federal Reserve Bank of Dallas, and Richard Alm, a business reporter for the Dallas Morning News, co-authored a 1999 book, "Myths of Rich and Poor: Why We're Better Off Than We Think," that...