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Ep. 423: Angus Deaton Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Poverty Trap

I'm actually quite in favor of foreign aid if it's spent on things that would benefit those countries from the outside, he says. He is responding a lot of money on stimulating research on vaccines for diseases where we don't have vaccines at all. "What the hell is going on here? Here seems like the first thing you would expect when a really poor country begins to grow rapidly was for food consumption to go out"

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