Top 3 Reasons ‘War on Poverty’ Has Failed

The powerful combination of free markets, honest government and biblical ethics are the critical components to growing economies and climbing out of poverty, according to a new book that also declares government-centered solutions a guaranteed ticket to failure.

The United States spends many billions of dollars in foreign aid every year in an effort to help Third-World nations escape the grips of rampant poverty. The country has waged a domestic “War on Poverty” for more than 50 years. Supporters say the results are far better than had we done nothing, and many critics suggest these efforts are extremely expensive failures. Hardly anyone claims they are effectively reversing poverty at home or abroad.

In their new book, “The Poverty of Nations,” theologian Dr. Wayne Grudem and economist Barry Asmus explain why they believe government programs have largely failed.

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