Sri Thiruvadanthai
teasri
Why India-US was improbable in the 1950s. 1. Indian leaders, with the history of colonialism, did not really want to be subservient to anyone. A US-India relationship would have been
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Good post by @jturek18 https://jonturek.blogspot.com/2020/05/the-global-savings-glut-modern-policy.htmlI would add that:1. Savings glut is a symptom of persistent weak aggregate demand.2. Weak aggregate demand is caused by rising inequality
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Earlier today is disparaged the "where will the government find the money" question. The pushback I got is that it does not really mean money is literally the constraint. Also,
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A thread about David Engerman's book, The Price of Aid. Lots of archival details and interesting history on how the Cold War competition played out in aid politics in India
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The long tail of the 2008-09 global financial crisis stinging India. While the diagnosis at that time was that the US was the culprit whereas EMs were fine--remember the phrase
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Right now India is a demand constrained economy. Fiscal stimulus and measures to ease credit crunch--some form of megha bailout for NBFCs needed. Someone needs to be Draghi here and
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