[LINK] How rational is the US federal state

Thomas

http://www.weeklystandard.com/blogs/over-60000-welfare-spentper-household-poverty_657889.html

60000 dollars per year per poor family, if the article is correct.

http://www.weeklystandard.com/blogs/over-60000-welfare-spentper-household-poverty_657889.html

60000 dollars per year per poor family, if the article is correct.

From the article:

divide total federal and state spending by the number of households with incomes below the poverty line

This number is meaningless for measuring the amount spend on poverty reduction, however broadly that is defined. No one thinks money spent on (1) fraud prevention, (2) food safety, (3) basic research, (4) judicial salaries for civil dispute resolution, or similar programs alleviate poverty.

Edit: When I say "alleviate poverty," I mean charity. Or, as the linked article calls it: "welfare"

No one thinks money spent on (1) fraud prevention, (2) food safety, (3) basic research, (4) judicial salaries for civil dispute resolution, or similar programs alleviate poverty.

I can't understand what you mean by this. Maybe the confusion is in your use of "no one thinks" or "alleviate poverty"?

7gwern14y

I think you just shocked the countless thousands of economists who believe that functioning institutions are key to growing economies and alleviating poverty.

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[LINK] How rational is the US federal state

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[LINK] How rational is the US federal state

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