Stossel: The Free Market Is the Best Antidote to Poverty

Despite spending an astonishing $22 trillion dollars, despite 92 different government welfare programs, poverty stopped declining. Government’s answer? Spend more!

Rep. Paul Ryan (R.-Wis.), chairman of the House Budget Committee, points out that government measures “success” by the growth of programs: “based on inputs, how much money are we spending, how many programs are we creating, how many people are we putting on these programs—not on outcomes—how many people are we getting out of poverty? … Many of these programs end up disincentivizing work, telling people it pays not to go to work because you’ll lose more in benefits than you gain in earning wages.”

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via The Free Market Is the Best Antidote to Poverty – Reason.com.

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