As I’ve shown in Rollback, the poverty rate in the United States fell from 95 percent in 1900 to around 12-14 percent in the late 1960s – a period in which government antipoverty measures were fairly trivial. By the late 1960s, when Lyndon Johnson’s War on Poverty programs began receiving substantial funding, the poverty rate stagnated. By 1994 it was about the same as it had been in the late 1960s, even though the federal government was by that time spending four times as much per capita as it had under LBJ.My Anti-Capitalist Twitter Critic by Thomas E. Woods, Jr.
Monday, July 11, 2011
My Anti-Capitalist Twitter Critic by Thomas E. Woods, Jr.
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