Sunday, December 7, 2014

Helicopter Money

When listening to a U.N. official on television describe how money for food is distributed to Syrian refugees I was surprised by how much I approve of their method.  Money through debit cards where the refugees themselves get to select the food and services they want is straight out of Milton Friedman's efficient buy playbook. That the U.N. took up such a method which eliminates so many inefficient intermediaries is brilliant and quite unexpected from such a body.

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