If there is one number to which the rights of millions will be happily sacrificed, it is the national GDP growth rate.

If there is one number to which the rights of millions will be happily sacrificed, it is the national GDP growth rate.

There was no Marshall Plan for Harry Potter, no International Financing Facility for books about underage wizards. It is heartbreaking that global society has evolved a highly efficient way to get entertainment to rich adults and children, while it can't get twelve-cent medicine to dying poor children.

Economists did something even better than predict the crisis. We correctly predicted that we would not be able to predict it.

We need a revolution in development thinking and practice. Foreign aid, debt relief, family planning, democracy, education, and free markets have not succeeded.

The rich have markets, the poor have bureaucrats.

Remember, aid cannot achieve the end of poverty. Only homegrown development base on the dynamism of individuals and firms in free markets can do that.