One of my favorite quotes was something like:
Foreign aid is the transfer of money from middle class people in a rich country to rich people in a poor country.
That rang true and always disturbed me. But now I think there is an additional component that we didn’t recognize and that is that a lot of the money ends back up in the pockets of the rich people in the rich country. It just gets laundered through the foreign country.
Kind of like laundering the money through the city of Baltimore, eh?
Q
Nailed it!