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Thursday, April 23, 2009

Poverty Is The Normal Order Of Things

Thanks to Dr. Boudreaux for reminding us. There is no need to search for the 'cause' of poverty; poverty is the natural order of things. It is wealth that has causes. A simple point, but of profound importance.

Cafe Hayek: Foolishness on Film (Or, Wiping the Sheen Off of Silliness): "Or as I recall Peter Bauer's way of putting the matter: 'poverty has no causes; wealth has causes.'"

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