If some economists are furious, that’s because economists, like generals, are always battling the last crisis. India’s government learned from it instead, according to Finance Minister Nirmala Sitharaman: After the 2008 financial crisis, the government “just opened the floodgates and kept it open for a long time. At the end of the day, you had …
If some economists are furious, that’s because economists, like generals, are always battling the last crisis. India’s government learned from it instead, according to Finance Minister Nirmala Sitharaman: After the 2008 financial crisis, the government “just opened the floodgates and kept it open for a long time. At the end of the day, you had [the 2013] taper tantrum, double digit inflation and food inflation hitting the roof.”.
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