Learn Liberty is an excellent channel that simplifies some basic economic concepts for people want to learn more about how the government can play a more effective role in the economy (hint: they shouldn’t be staying out of the way as much as possible.)

In this segment, Professor Steve Horwitz dismantles the notion of absolute poverty in the United States by factoring in income mobility into the tracking of American households and poverty. If one looks at the data just by examining the bottom quintile from year to year, then it will appear that the block generates less wealth as time goes on. That being said, if researchers track the people who make up the poor over decades, they find that approximately 86% of them will rise from poverty. In case you don’t feel like trusting that source, a study done by the non-partisan Brookings Institute also found similar results regarding income mobility. Despite inequality prevailing across the United States, mobility for both the poor moving up and rich moving down, is persistent across households.

The Libertarian does not own the video above but is merely sharing it for entertainment purposes.