Wednesday, December 31, 2008

Sachs Quote from The End of Poverty

I recently started reading an insightful book by Jeffrey Sachs called The End of Poverty. Here's Sachs (paraphrasing a parable) on the IMF: The local priest gives one remedy after another [to a farmer with dying chickens] -- prayers, potions, oaths -- until all the chickens are dead. "Too bad," says the priest, "I had so many other good ideas."

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