Do 5 Million Americans Really Live in Third World Poverty?

March 30, 2018

Our analysis of the CEX shows that the number of Americans living on less than $4 per day is effectively zero. Since 1980, the CEX has reported on the annual consumption expenditures of 222,170 households. Of these 222,170 cases, 175 reported spending less than $4 per person per day. That’s one household in 1,270.

Deaton’s claims of Third World poverty in the U.S. can also be rebutted by examining the actual living conditions of families with ostensible incomes below the deep-poverty level.

Rather than 1.7 percent of the population living in deep poverty, expenditure surveys show the figure is only 0.08 percent.

via USA Third-World Poverty: Largely Mythical | National Review


How A Bill Keeps Becoming A Law(suit) | Tom Miller

March 17, 2018

The only consistent characteristic of the Affordable Care Act (ACA) is its ability to generate litigation. The gift that keeps on giving for Obamacare opponents seems to defy common law doctrines curbing the practices of champerty and maintenance (frivolous lawsuits).

via How A Bill Keeps Becoming A Law(suit) | Economics21