Friday, February 8, 2008

Some important economic facts

From the excellent economist Thomas Sowell.
These are facts that most people aren't aware of. For example:

"1. The poverty rate among black married couples has been in single digits since 1994."

"2. The average income of the elderly is several times their earnings, and their wealth is far higher than among younger people."

"3. Just as blacks are turned down for mortgage loans more often than whites, so whites are turned down more often than Asian Americans. (What does that do to racism as an all-purpose explanation?)"

Attention, Senators Clinton and Obama.