The Nobel Peace Prize has been award to Muhammad Yunus, the founder of Grameen Bank. I'm really excited about this, one, because I claim to be an economist (that is my undergrad degree). Two, I love microcredit and almost became a banker in microcredit. Three, this will help spark interest in the world's poor in a method that is beneficial to both parties.

I heard Laureate Yunus speak while an undergrad at BYU, and it was by far the biggest life-changing lecture I have ever heard. I walked out of the auditorium believing that microcredit was the way to free the world from poverty. This man is so deserving of this prize. We should all aplaud this wonderful life.

Read about it here.

erik