Rantings and tirades of a frustrated economist.
Hey, thanks! Guess I'd better write something now. :)
That Kiva thing seems extremely cool. In the near future I will make a few loans and hopefully imbue my debtors with a capitalistic entrepreneurial spirit. Or stoke a hatred for their financial overlord...whichever.
Ryan, I like Kiva a lot. Right now lots of other people like it a lot, too - I just checked and at this point in time, every single loan application has been funded. The last time this happened was after President Clinton gave Kiva a mention in some publication. The site was flooded with new donors and it took a while before one could find a loan application to fund. With the recent change to the loan redemption process, the same thing is happening now. In fact, since I went on my recent lending rampage, I've received several repayments and now I have even more idle funds waiting to go back out. Everyone else is no doubt in the same boat. This could take a while. :)
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