ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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That Sinking Feeling

The United States (US) is sinking. It is what happens to a country when it blames everyone else for its ailments. The problem is that when the biggest boat in the water sinks, it pulls others down with it. This is not, therefore, time for the rest of the world to indulge in Schadenfreude over the...

India and China Can Coexist in the Indo–Pacific

Last year witnessed a nadir in India–China relations as the two neighbours stumbled into their most serious border crisis in decades. While both leaderships were sensible enough to pull back from the brink, 2018 has seen steps from Delhi and Beijing to turn the page on their deteriorating...

Miscommunicated Monetary Theory

The Modern Monetary Theory is described as an integration of endogenous money, state money, credit money, and functional finance theories. Despite departing from a faithful narration of what actually happens in the real world, the MMT arrives at a new world in which the government can spend as it pleases. Not only this and several other difficult-to-swallow claims, but also academic concepts such as vertical and horizontal components of money supply introduced along the way are what make MMT difficult to communicate to the general public and also difficult to fully appreciate.

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