Demonetization: How could this have been done better?

While the scheme currently is pulling money back into the system, it is not without cost. A large amount of wealth is being redistributed in an effort to save whatever one can from the tax man in the process of ‘converting’ money. People are trying different ways to convert their cash. My cab driver the …

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The Great Indian Demonetization

On the 8th of November, Prime Minister Naredra Modi in his address to the nation announced Rs. 500 and Rs. 1000 would no longer be recognized as legal tender. The move to demonetize high denomination currency has been welcomed by the public. One does wonder what the implications of such a move would be. Over …