Aid Does Not Equal Growth

The traditional formula for understanding the relationship between the developed and the developing world is the following: Aid = Economic Growth. That is, foreign aid spurs economic development in poorer nations. Continue Reading...

Foreign Aid vs. Economic Freedom II

Jay Richards’ previous post on Richard Rahn’s article “Not Rocket Science” illustrates Huxley’s famous statement about a fact destroying a theory. Jay quotes Rahn’s lists of the politicians and development experts who support increased foreign aid. Continue Reading...