[Craig Axford]
New research coming out of MIT’s Poverty Action Lab provides additional evidence that unconditional grants given to the poor tend to be spent in constructive ways. Carol Bellamy, a former UNICEF director, stated that she was “impressed” by the results of the study adding, “The return on investment was more positive than I would have anticipated.”
David Kestenbaum, “What Happens When You Just Give Money To Poor People?”, NPR, October 25, 2013.