Published Thursday, January 25, 2007 by Jim Fedako
Jamaica is a nation where Jim Fedako's students believed the solution to the country's ills was to "ask for more money from President Bush." Jim knew better. US aid rarely makes it to a small school in the countryside. There were too many dollar-hungry bureaucrats driving late-model Fords circling the government agencies and NGOs of the capital, Kingston, to allow much money to escape their grasps. And, it would not have mattered even if some money filtered through; the money always went for the PC when it was bicycle repairs that were needed. Mises long ago explained this inability for central planners to lead an economy in any direction other than down Chaos Avenue.
(Original Text)
Does the Third World Need More Laptops? (1.37 MB)