Good News for the Bad News about International Aid

Nobel prize-winner Angus Deaton has some really bad news, especially so in this Christmas season of giving: Most international aid not only does not work, but it is harmful to countries who receive it.  Before you slam shut your checkbooks and stuff the credit cards back in your wallets and build an emotional moat around your Christmas-giving heart, let me explain why he is right but also what he misses (hint: The Good News).