No, Dollar Stores Don’t Create Poverty

American journalists seem mired in fantasy worlds, at least where it comes to economic analysis, and perhaps we see no greater show of ignorance than in the discussion of the presence of businesses in the poorest areas of inner cities. Time and again, pundits make the specious claim that people in cities are poor because of the presence of small businesses, such as groceries owned by Korean immigrants .”

https://mises.org/wire/no-dollar-stores-dont-create-poverty

It is no crime to be ignorant of economics; but totally irresponsible to have a loud and vociferous opinion on economic subjects while in this state of ignorance—Rothbard

 

A conscientious moralist or churchman would not consider meddling in controversies concerning technological or therapeutical methods without having sufficiently familiarized himself with all the physical, chemical and physiological problems involved. Yet many of them think that ignorance of economics is no bar to handling economic issues. . .Mises

 

3 Kinds of Economic Ignorance

 

Rothbard on Economic Ignorance

 

“The phenomenon of economic ignorance is so widespread, and its consequences so frightening, that the objective of reducing that ignorance becomes a goal invested with independent moral worth…”—Kirzner

 

The Broken Window–A Concept That MUST Be Understood To Avoid Economic Ignorance!

 

What is wrong with our age is precisely the widespread ignorance of the role which…economic freedom played–Mises

 

A Loud Opinion On Economics While Remaining in A State of Ignorance–Murray N. Rothbard

 

Dealing with the root cause of the poor