Will the Hunt for Black Money Fall Flat?

Reports are emanating from different quarters about the seriousness of the government to curb the black money.

Showing posts with label Banking. Show all posts
Showing posts with label Banking. Show all posts

Friday, 31 October 2014

An Ode to Black Money

Ever since I started focusing on economic issues, that is some 30 odd years back, black money has been in the news.While I was a student of economics, I was taught that bad money drives good money out of circulation. That is what Gresham law says. That may be true in the case of black money also; it must be driving the good money, the so called white money, out of its relevance. At this rate, this debate: How to tackle the menace of black...