Monday, April 12, 2010

Money Can Not Solve Poverty

No it cannot. I recall that during the period when welfare spending was riding high, over a trillion dollars was spent. If that money had been given directly to the poor, this was enough to make each of them rich. All that spending really accomplished was to create a culture of poverty: government bureaucrats and recipients alike enjoying careers based on this program. What the poor really need is financial education. – And jobs.

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