Economists dropped $10M in rural Africa. It changed economic science forever.

Video Description

Visit https://www.givedirectly.org/macro/ to join a village fundraiser and help send life changing cash to 164 families in a Kenya directly, no strings attached. The effects of these transfers are studied and recorded in detail, revolutionizing our understanding of the macroeconomic effects of cash transfers. You can read Dennis's paper on cash spillovers at https://drive.google.com/file/d/17JVDKCy2Cyi-zOAJL64pU9l0K39X6Syy/view and check out the interview at https://youtu.be/oxj18sUVZxw?si=Ez3UvyRPwaGvSuwX WANT AN IN-DEPTH INDUSTRIAL POLICY MASTERCLASS? △ https://school.moneymacro.net/p/industrial-policy-masterclass LIKE CHATTING ECON WITH ME? △ Follow me on Twitter: https://twitter.com/joerischasfoort △ Follow me on LinkedIn: https://www.linkedin.com/in/joeri-schasfoort/ △ I have a private Discord server for Senior and Chief economist Patrons / members. https://www.patreon.com/c/moneymacro SOURCES: I've linked my sources in the blog that goes along with this video. Links are in the text. https://www.moneymacro.rocks/2024-12-19-free-money-experiment/ Timestamps: 0:00 - intro 1:36 - the experiment 8:02 - inflation 12:46 - Keynesian multiplier 14:15 - implications for development aid Attribution: Music by Epidemic Sound: http://nebula.tv/epidemic Thank you to AP Archive for access to their archival footage. Stock footage and others clips by Getty Narrated and produced by Dr. Joeri Schasfoort Edited by the Nebula team Produced by Safia M