Getting out of the Ghetto

A recent study shows how difficult it can be for someone to get out of the poverty cycle. Personally I found it very encouraging. It shows that there is a way out of the cycle...get educated. Now Paul Krugman is saying we need to do more to help people rise out of poverty. But I think if you look at the world as a whole we are doing much better people have been breaking the poverty cycle all over the world. And according to a new paper from Andrei Shliefer the one man we have to thank is Milton Friedman.