Remember, aid cannot achieve the end of poverty. Only homegrown development base on the dynamism of individuals and … - William Easterly

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Quote of the day

There are two distinctive peculiarities by reference to which we characterize the soul (1) local movement and (2) thinking, discriminating, and perceiving. Thinking both speculative and practical is regarded as akin to a form of perceiving; for in the one as well as the other the soul discriminates and is cognizant of something which is.

William Easterly

Remember, aid cannot achieve the end of poverty. Only homegrown development base on the dynamism of individuals and firms in free markets can do that.

Development, Homegrown, Poverty, Remember

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We need a revolution in development thinking and practice. Foreign aid, debt relief, family planning, democracy, education, and free markets have not succeeded.

Democracy, Foreign, Practice, Relief, Thinking

The rich have markets, the poor have bureaucrats.

Bureaucrats, Markets, Poor, Rich

To escape the cycle of tragedy, we (searchers) have to be tough on the ideas of the planners, even while we salute their goodwill.

Escape, Ideas, Planners, Searchers, Tough, Tragedy

When you are in a hole, the top priority is to stop digging.

Digging, Priorities, Priority, Top, Top Priorities

Economists did something even better than predict the crisis. We correctly predicted that we would not be able to predict it.

Able, Correctly, Crisis, Economist, Predict, Predicted