4 ms·
I found this interesting article: https://www.forbes.com/sites/wadeshepard/2017/01/03/after-day-50-the-results-from-indias-demonetization-campaign-are-in/#6f324
by awongh 9y ago
I found this interesting article: https://www.forbes.com/sites/wadeshepard/2017/01/03/after-day-50-the-results-from-indias-demonetization-campaign-are-in/#6f3247eb50d1 https://www.forbes.com/sites/wadeshepard/2017/01/03/after-da...
They mention a parable about a crocodile, where things will eventually re-adjust to favor the black market just as much as before, and these policies are just an inconvenience.... I'm not sure I understand how that would work, if transactions really do start to shift online.
It seems to me that at the very least these policies will shift things in the right direction? Or is that an incorrect interpretation of the situation?
Is it more a case of botched roll out of policies that are essentially positive for india, or is it just a political maneuver that won't change anything?