Is cash the best way to help the poor? (Michael Faye)
Rationally Speaking Podcast
English - December 23, 2021 16:02 - 52 minutes - 44 MB - ★★★★★ - 464 ratingsNatural Sciences Science Social Sciences philosophy science skepticism Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: Humanity on the precipice (Toby Ord)
The idea of giving poor people cash, no strings attached, is "very unappealing" for most donors, admits economist Michael Faye -- but it's still one of the best ways to help the poor. Michael and Julia discuss the philosophy behind his organization (GiveDirectly), the evidence we have so far about cash transfers as an anti-poverty intervention, and the various concerns people have about it: How long-lasting are the effects? Does it make recipients less likely to work? Does it cause inflation?