The fish, crocodile and note ban
Black money is not a stock, but a process. The voodoo economists of the Modi regime have scripted the collapse of demand, slide in growth, while black money remains undiminished.
Written by T M Thomas Isaac | Published:November 9, 2017 12:40 am
Money is the lifeblood of any economy. If you have bad blood then go for dialysis, you would not withdraw the stock of blood from the body, lest you die. (Illustration: C R Sasikumar)
“It is crazy, madness”. This was my first reaction after the prime minister’s speech on November 8 last year declaring that Rs 1,000 and Rs 500 notes will be withdrawn as legal tender from midnight.
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