Enough, Already

The powers that be doth trumpet too much

- Chaitanya Kalbag

“There is no harm in sometimes being wrong — especially if one is promptly found out” – John Maynard Keynes

I WISH THE GOVERNMENT would stop trying to defend demonetisation. Every time there is bad economic news, the government jumps up to proclaim that demonetisation was the boldest and best reform since cowrie shells were first used as currency three thousand years ago (now you know the origin of “ek phooti kauri”).

Trying too hard to justify either demonetisation or the Goods and Services Tax (GST) is like going from the indefensible to the incomprehensible, as if there were nothing the economy needed more than a double punch in the solar plexus.