Nicholas Decker
@captgouda24
Econ student, liberal, aspie, bi. Michael Kremer stan. I ❤️ optimal auction design. Spend more on drugs. Open borders now! alt @NicholasD91704
Joined July 2018
4.7K Following 34.4K Followers
This is a really special paper.
In 2001, Thailand's government unexpectedly gave every village 1 Million Baht (about $25,000) to form a village bank. The results were puzzling. The price of credit didn't change, and neither did investment. Instead, consumption rose dollar for dollar. What? Why? How? 1/
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