Why Foreign Aid Is Less Than Useless

Thomas Woods, author of The Politically Incorrect Guide to American History and How the Catholic Church Built Western Civilization, in an excellent new lecture, examines the history of foreign aid, with particular attention to the writings of the late economist Peter Bauer, and explains why 'aid' not only does little good, but is responsible for much actual harm to the Third World (not to mention being an appalling squandering of our own wealth):

Thomas Woods audio archive (scroll down to bottom)