Economics Exposed
Seven Deadly Innocent Economic Policy Frauds    Why Poverty is Controversial?   Is Humanity Getting Better?

Updated 11/14/17     Please   Comments to antonw@ix.netcom.com

 

 

See Why Do People Continue To Believe Stupid Economic Ideas? M. Blyth 42 min Video

 

.Read the Book: by W. Moster

W. Moster lecture  62 min.

Video Interview with M. Moster

The Euro: past, present and future.
The Crossroads Workshop 42 min.

Interesting Quotes

"If you insure [banks] you had better regulate [banks]
otherwise banks have no skin in the game."

Concerning pro cyclical policies
"Its fine on the way up"

 

 

 

 

 

 

 

 


Why is Poverty Controversial?

A. Which Poverty Data is Correct?

Poverty Down Only 4.5% Points Over Fifty Years

Poverty Down 14.2% Points Over Fifty Years 

See War on Poverty, Was it Lost? NYT Legacies of the War on Poverty by Martha J. Bailey (Editor), Sheldon Danziger (Editor)

This chart "...provides a first approximation of how correcting the 2013 poverty rate for noncash food and housing benefits, refundable tax credits, and not using the upward [inflation] bias of the CPI-U would change the 2013 poverty rate. This adjusted poverty rate falls from 14.5 to 4.8 percent, making the 2013 rate roughly a quarter of the 1964 rate (19.0 percent). If we were to lower the poverty threshold for cohabiting couples to match that for married couples the 2013 poverty rate would have fallen even more." Examples of noncash benefits include food stamps SNAP), discounted school lunches, subsidized rent, Medicaid, and Medicare. See Source Editors Comments are in red.

Editor's Answer:
Economists stay employed by giving two answers, 16% for liberals and 4.8% for conservatives.
For more concerning poverty visit  Current U.S. Political Economy Controversies

 

 

Humanity Getting Better 1:29 video

See Economic Future of Our Children and Are Children & Young People Protected?
 

Please      Comments to antonw@ix.netcom.com