2min chapter

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Rationally Speaking #136 - David Roodman on Why Microfinance Won't Cure Global Poverty

Rationally Speaking Podcast

CHAPTER

Why Micro Credit Isn't a Good Idea?

Is it just about priors where our priors that this should be the case are so strong that even a few RCTs showing a negative result aren't enough to overwhelm it? I guess what I'm talking about here is primarily reducing risk, so that is about reducing variance of income and consumption. But why wouldn't those functions show up in the data? Like presumably, if you can take out a loan to cover yourself when your husband is recovering from a broken leg and can't bring in money, why wouldn't your income be higher in that world than in the counterfactual world where you couldn't take out the loan? Great question. And I don't know if I even

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