Why money is not always the solution it seems to be
post a comment | posted Jun 8
Preface: I'm not an economist and I'm not pretending to be. These are just some things I've been thinking about lately.
It seems that whenever I have a conversation with people (not to mention most of what we hear and read) about poverty, the solutions are often simply put: get people more money. The suggested means to that end are quite diverse (government programs, markets, charity, microloans, etc.), but most of the times it seems that money is seen as a solution to the problem of poverty. I agree that money is part of the solution, but less a part than it might seem. In fact, many times money causes new problems as it solves old ones. Here's the post in its entirety.