The Times of India

What makes Hot Money Hot?

I pointed out last week that all countries (including the US) control their financial systems, since these are the most imperfect of markets, prone to panic and systemic collapse. I said the IMF viewed forex controls as old-style socialist controls …

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The IMF\’s Big Blunder

The international financial system has cracked apart like a smashed eggshell, and all the imp\’s horses and all the IMF\’s men cannot put it together again. That is why President Clinton of the US and Prime Minister Blair of Britain …

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The IMF\’s Big Blunder

The international financial system has cracked apart like a smashed eggshell, and all the imp\’s horses and all the IMF\’s men cannot put it together again. That is why President Clinton of the US and Prime Minister Blair of Britain …

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Is Capitalism Dying?

The old left is smiling. It is gleeful about the economic disaster in East and South-East Asia; about the collapse of Russia; about the strong possibility of Latin America becoming the next domino. Even the USA, whose booming economy once …

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A Post-Washington Consensus

For years, leftists have criticised the Washington Consensus, seen as the joint manifesto of the World Bank, IMF and USA. The Consensus, according to the left, says \”Liberalise everything, create a minimal state, be tough in fiscal and monetary matters.\” …

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Rebelling against Quotas

Indian politics is about quotas. We have demands for a quota for Parliamentary seats for women, a sub-quota for backward caste women, job reservations for backward Muslims and Dalit Christians. Now, granting reverse discrimination is a form of social progress, …

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