Monday, 25 June 2018

Demonetisation

As I commenced lectures with my Second Year students today I couldn't help but think about the Demonetisation of 2016.
After all the suffering of the average citizen it looks like black money never existed or more likely the hoarders found a way to make it legit!
Banks have enjoyed an influx of cash.
Digital payments are up.
Economic growth seems to have suffered.

  Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2021 one half to David Card University of California, Berkeley, USA...