Nicholas Decker(@captgouda24):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/

Nicholas Decker

@captgouda24

Econ student, liberal, aspie, bi. Michael Kremer stan. I ❤️ optimal auction design. Spend more on drugs. Open borders now! alt @NicholasD91704

가입 July 2018

4.7K 팔로잉 중 34.4K 팬

Nicholas Decker@captgouda24

2026.06.15 22:26

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/