Tyler Cower, a practical economist, believes that money to individuals makes more sense than through foreign aid (read government bureaucracy). To back this up claim, Tyler will send one Indian $500 and five others $100 each through Western Union. This is in alignment with the principles he writes about in his new book, Discover Your Inner Economist. Those aforementioned principles are:
1. Cash is often the best form of aid.
2. Give to those who are not expecting it.
3. Don’t require the recipients to do anything costly to get the money.
To no surprise, he loves the country! In his words, “been to India twice and both times I have been received with the utmost hospitality and enthusiasm. I loved the food, the music, the diversity, and the more-than-occasional chaos. Most of all I loved how the people engaged me so directly, and how every moment was so full of human drama and stories.”
What do you do?
Find a deserving Indian, and follow instructions on his blog