Comments: Muhammad Yunus - financial seed corn grows into a world poverty beater

“Why do you want to make money off the poor people?” he said recently. “You make money somewhere else. Here, you come to help them.”

While Yunus may be satisfied by the fruits of his charitable endeavors, others may need to be "induced" to give up their money. In the loanable funds market, the interest rate would simply be determined by the supply of loanable funds and the demand for loans. No one is trying to gouge the poor. Just the market working its invisible magic.

Posted by Biomed Tim at December 28, 2006 06:56 AM