This blog compiles the thoughts of UCLA undergraduates on the connections between economic history and current events. All contributors to this blog are enrolled in Ec183, The Development of Economic Institutions in the United States. The premise of this course is the history matters. The careful application of economic theory and quantitative reasoning can help us understand the past.
Tuesday, September 13, 2011
What used to qualify as bad news
In this government report on poverty rates from 1971, the Census Bureau expresses alarm that the poverty rate is up to 13.0%. The poverty rate is 15.1% today!
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