Milton Friedman: If Government Could Fix Poverty, Why Hasn't It?
Philosophy for Better Humans. by Joey Caster
Episode notes
Since 1964, America has spent over $30 TRILLION fighting poverty—yet poverty rates remain unchanged. Nobel economist Milton Friedman knew why, and his answer will shock you.
[MAIN DESCRIPTION]
In this episode of Philosophy for Better Humans, we dive deep into one of the most controversial economic minds of the 20th century: Milton Friedman. Why did the War on Poverty fail? How do welfare programs trap people instead of helping them? And what does this mean for our future as AI threatens millions of jobs?
🔥 What You'll Discover:
- Why $30 trillion in anti-poverty spending hasn't reduced poverty rates since 1967
- The "welfare cliff" that punishes poor people for working (effective tax rates over 100%)
- How public housing projects like Pruitt-Igoe became government-backed gh ...
Keywords
Philosophypersonal developmentsociology EconomicsMilton Friedman