Understandable Economics
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



.Read the Book: by W. Moster

from W. Moster 62 min video

Video Interview













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.
Fott more on 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