Perhaps one of the most popular myths surrounding free enterprise is that it hurts the poor. Wrong, says Arthur Brooks, social scientist and president of the American Enterprise Institute. The percentage of the world’s population living on the equivalent of less than $1 per day has fallen by more than 80 percent since the ’70s, Brooks says, and it’s not because of foreign aid, nor any other government handout. It’s because of free enterprise. “There has never been a force that comes close to helping the poor like free enterprise,” he says. Brooks debunks four other myths about free enterprise in this edition of Prager University.