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In some places I gather that pretty much happened during https://en.wikipedia.org/wiki/2016_Indian_banknote_demonetisation https://en.wikipedia.org/wiki/2016_In
by chrismorgan 1y ago
In some places I gather that pretty much happened during https://en.wikipedia.org/wiki/2016_Indian_banknote_demonetisation https://en.wikipedia.org/wiki/2016_Indian_banknote_demonetis.... (I happened to be in India at the time, but where I was it was more just extreme discontent with resignation, rather than threatening fracture.)
- ekunazanu 1y agoThe discontentment arose because it was extremely poorly planned, and failed to address the very problems it was 'trying' to solve. It is very unlikely for a state government to implement a local currency and introduce more friction to an already painfully bureaucratic system; it is a politically disastrous move. > Monetary policy is government policy. The ruling party is seldom uniformly popular across their entire domain. If by monetary policy you are referring to fiscal policy, you're pretty much spot on. There's always in-fighting between states and lots of complaining about the central/federal government favoring certain states over others.
- deleted 1y ago[deleted]