I'm reminded of this purported exchange: A Scandinavian economist once stated to Milton Friedman: "In Scandinavia we have no poverty." Milton Friedman replied,

I'm reminded of this purported exchange: A Scandinavian economist once stated to Milton Friedman: "In Scandinavia we have no poverty." Milton Friedman replied, "That's interesting, because in America among Scandinavians, we have no poverty either." Indeed, the poverty rate for Americans with Swedish ancestry is only 6.7%, half the U.S average. Economists Geranda Notten and Chris de Neubourg have calculated the poverty rate in Sweden using the American poverty threshold, finding it to be an identical 6.7%. http://www.newgeography.com/content/001543-is-sweden-a-false-utopia http://www.newgeography.com/content/001543-is-sweden-a-false... Anyway, I look forward to this falling off the front page ASAP.