Kristof, Bandits and Danger in the developing world

Meredith Startz on the IPA blog sends us to Nicholas Kristof’s column Cum Laude in Evading Bandits.  Although I agree with Kristof’s overall point – that there are a lot of educational and personal benefits to living in developing countries – he emphasizes the dangers and hazards of the developing world too much. For example [...]

Paying off your debt with crap

Paul Kedrosky sends us to a paper on Peru’s use of guano (aka bird crap) to finance its debt in the late 1800′s. Hat Tip to Alex Tabarrok at Marginal Revolution.