Demonetisation: *sad trombone noise*
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  Demonetisation: *sad trombone noise*
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Author Topic: Demonetisation: *sad trombone noise*  (Read 1457 times)
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CrabCake
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« on: August 30, 2017, 02:18:57 PM »

http://www.bbc.co.uk/news/world-asia-india-41100610
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Lachi
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« Reply #1 on: August 31, 2017, 04:35:52 PM »

Who in anyone's mind would think this would be a good idea?

oh yeah, Modi apparently...
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jaichind
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« Reply #2 on: September 03, 2017, 12:52:53 PM »

Yeah, Modi keeps on moving the goal post as the results coming in invalidates the entire project and clearly has hurt the economy.  But politically it is a winner as it positions Modi as the campaign against corruption and black money. 
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Santander
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« Reply #3 on: September 03, 2017, 02:53:42 PM »

The North Indian diaspora still defend him.
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President Punxsutawney Phil
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« Reply #4 on: September 03, 2017, 02:55:00 PM »
« Edited: September 03, 2017, 02:59:33 PM by Southern Speaker TimTurner »

this was a wise decision and will help India in the long run, quite potentially. That it should have been done with more preparation though is something impossible to deny.
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pikachu
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« Reply #5 on: September 03, 2017, 03:16:25 PM »

this was a wise decision and will help India in the long run, quite potentially. That it should have been done with more preparation though is something impossible to deny.

There's been no indication that this has been a good long-term decision; it's hardly done anything to solve the black money problem and formalize the underground economy. The changes were definitely not worth the short-term social and economic damage. That the Indian opposition to Modi has been so useless he's managed to come through is unscathed is really something.
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parochial boy
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« Reply #6 on: September 03, 2017, 04:13:47 PM »

The North Indian diaspora still defend him.

Yes. Yuck.
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OSR stands with Israel
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« Reply #7 on: September 04, 2017, 02:09:24 PM »
« Edited: September 04, 2017, 02:11:26 PM by Old School Republican »

The North Indian diaspora still defend him.


Modi is still a way better PM than Singh .


Here is an  analogy:


Modi =  Thatcher
Singh = Callaghan
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OSR stands with Israel
Computer89
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« Reply #8 on: September 04, 2017, 02:10:17 PM »

this was a wise decision and will help India in the long run, quite potentially. That it should have been done with more preparation though is something impossible to deny.


No they should have done Tax Reform , Regulatory Reform . Doing those things help clean up corruption a lot better than this .
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President Punxsutawney Phil
TimTurner
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« Reply #9 on: September 04, 2017, 08:42:45 PM »

this was a wise decision and will help India in the long run, quite potentially. That it should have been done with more preparation though is something impossible to deny.


No they should have done Tax Reform , Regulatory Reform . Doing those things help clean up corruption a lot better than this .
there are things Modi has done that are wise, and those that are unwise. But, one needs to realize the baseline is low to begin with, and how you can't transform India overnight. Even his new tax reform has a high level of nonuniformity...but it is still something.
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vanguard96
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« Reply #10 on: September 05, 2017, 01:11:50 PM »

Demonetization is an absolute "Evil Statist Move" (TM) especially in lesser developed countries where so many transactions are under the table - on the so-called "gray market".

Interestingly the other recent experience with it which was not cheered by many was in Venezuela.

Like in India it caught many wrong-footed and resulted in long lines.



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