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I think in some ways it would make more sense to have as a poverty level a relative concept and say, the level of poverty is that level of income or that level of consumption below which 10 percent of the people now are.

Milton Friedman

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Milton Friedman
Age: 94 †
Born: 1912
Born: July 31
Died: 2006
Died: November 16
Economist
Essayist
Statistician
University Teacher
Writer
Brooklyn
New York
Milton Fridman
Way
Income
Make
Concepts
Would
Level
Think
Poverty
Thinking
Percent
People
Levels
Consumption
Ways
Relative
Sense
Concept

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Most of the energy of political work is devoted to correcting the effects of mismanagement of government.
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Government is a way by which every individual believes he can live at the expense of everybody else.
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No major institution in the US has so poor a record of performance over so long a period as the Federal Reserve, yet so high a public reputation.
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