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

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Calcutta Diary

The economic recession, which threatens to be long-lasting, is the product of the recession of political and cultural ethos; countrymen, we have rediscovered the bliss of colonialism, at least a new version of it, and cannot quite stop admiring it.

On Fiscal Deficits and Real Interest Rates

The proposition that the size of the fiscal deficit affects the level of interest rates is theoretically completely erroneous, which in turn makes the budgetary strategy fundamentally flawed.
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