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The Data Is Clear: Free Markets Reduce Poverty

June 16, 2014 in Economics

By Mises Updates

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 Mises Daily Monday by D.W. MacKenzie:

It is a fact that severe poverty has disappeared in the most industrialized countries. The wealth of the first-world welfare states was made possible by those countries’ turn toward free markets in the past. Likewise, the turn toward more free markets in the developing world has reduced poverty there.

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Source: MISES INSTITUTE

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