April 11, 2008

Small is Beautiful

Micro Credits are gaining momentum again, according to an article in the International Herald Tribune.

This way to, entirely privately, or in cooperation with governmental financing (which most often is not necessary, but hey, why say no to free money) help people into independence instead of dependence is one of the best formulas the last decade.

Maybe that’s why it’s also looked upon suspiciously by old style foreign aid people. After all, there’s money t be spent. In Sweden, a ruling by parliament prohibits the government from spending less than on percent of GDP annually on foreign aid.

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2 comments:

Johan said...

There is no such thing as "free money", unless you own the printing press. But then you are robbing people through inflation...

Deanfevn said...

There is no such thing as "free money", unless you own the printing press. But then you are robbing people through inflation...