Monday, February 1, 2010

Forgiving Haitian Debt

One of the ideas being floated around is that Haiti’s problem is how much debt they owe, and how big their payments are.

Except that all of Haiti’s debt was cancelled a few years ago.

The upshot of this is that if “the poor’s” problems aren’t caused by the rich, then perhaps the poor’s problems are that the rich merely exist.

Hat tip to Tim Worstall.

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