Credibly promising to be irresponsible...since 2004!
Great podcast.My only question is about the shirts example. It seemed like it was getting quite close to an argument in favor of protectionism.It seems to me that giving them clothes would free up capital (what little there is) for other uses. Or did you specifically mean that unexpected aid is a problem, as it unpredictably destroys invested capital? Presumably if it was a consistent and predictable flow, the benefits would outweigh the costs.
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