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Congratulations to our presumptive Democratic nominee, Joe Biden!
Researchers Find A Remarkable Ripple Effect When You Give Cash To Poor Families
Yang's idea is not crazy or impossible or ahead of its time. It's necessary. Better to be proactive than reactive. This will be revolutionary, and I'd rather it be democrats that implement it.
Link to tweet
Over the past decade there has been a surge of interest in a novel approach to helping the world's poor: Instead of giving them goods like food or services like job training, just hand out cash — with no strings attached. Now a major new study suggests that people who get the aid aren't the only ones who benefit.
Edward Miguel, an economist at the University of California, Berkeley, and a co-author of the study, says that until now, research on cash aid has almost exclusively focused on the impact on those receiving the aid. And a wealth of research suggests that when families are given the power to decide how to spend it, they manage the money in ways that improve their overall well-being: Kids get more schooling; the family's nutrition and health improves.
But Miguel says that "as nonprofits and governments are ramping up cash aid, it becomes more and more important to understand the broader economy-wide consequences."
In particular, there has been rising concern about the potential impact on the wider community — the people who are not getting the aid. A lot of them may be barely out of poverty themselves.
(3-minute listen at link)
https://www.npr.org/sections/goatsandsoda/2019/12/02/781152563/researchers-find-a-remarkable-ripple-effect-when-you-give-cash-to-poor-families
Edward Miguel, an economist at the University of California, Berkeley, and a co-author of the study, says that until now, research on cash aid has almost exclusively focused on the impact on those receiving the aid. And a wealth of research suggests that when families are given the power to decide how to spend it, they manage the money in ways that improve their overall well-being: Kids get more schooling; the family's nutrition and health improves.
But Miguel says that "as nonprofits and governments are ramping up cash aid, it becomes more and more important to understand the broader economy-wide consequences."
In particular, there has been rising concern about the potential impact on the wider community — the people who are not getting the aid. A lot of them may be barely out of poverty themselves.
(3-minute listen at link)
https://www.npr.org/sections/goatsandsoda/2019/12/02/781152563/researchers-find-a-remarkable-ripple-effect-when-you-give-cash-to-poor-families
If I were to vote in a presidentialprimary today, I would vote for: Undecided
8 replies
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= new reply since forum marked as read
If I were to vote in a presidentialprimary today, I would vote for: Joe Biden
If I were to vote in a presidentialprimary today, I would vote for: Undecided
If I were to vote in a presidentialprimary today, I would vote for: Undecided
Transfer payments support the economic fabric of a community. The poor will spend their money quickly due
to needs and circulation the wealth. Amazing, isn't it they needed a new study to show the benefits of
supporting everyone in our society.
If I were to vote in a presidentialprimary today, I would vote for: Joe Biden
If I were to vote in a presidentialprimary today, I would vote for: Undecided
If I were to vote in a presidentialprimary today, I would vote for: Undecided
If I were to vote in a presidentialprimary today, I would vote for: Undecided
If I were to vote in a presidentialprimary today, I would vote for: Undecided
