Government equity infusions into PSU banks

Harsh Vardhan’s excellent blog post on this subject made me think further about the questions.

Finance policy makers in India are often proud of the fact that India has avoided a large systemic crisis in which substantial fiscal resources have been put into rescuing financial firms. I think this optimism is overstated. If we . . . → Read More: Government equity infusions into PSU banks

How to Argue Poorly

In which John Case critiques the Austrian School of economics:

Its principles are as follows:

1. The business cycle is a completely virtuous cycle. Slumps are the price we pay for booms. Recessions are the just punishment for the excesses of previous expansions. The fact that the rich reap the rewards regardless, and the . . . → Read More: How to Argue Poorly

The Market Demand for Government Investment

In my previous article on the bloated private sector, I failed to adequately explain my main point.

For the past 3 decades faith in the free market powers of the private sector have led to a massive misallocation of resources away from public sector investment. . . . → Read More: The Market Demand for Government Investment