Central Banks in Wonderland: The Coming Bond Crash
Global bonds are worth over $100 trillion, while global stocks are worth only $64 trillion. Daily bond trading is $700
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How not to make America great again
Dear Donald Trump, You are running for US president with the slogan “Make America Great Again”. You are mobilizing poorly
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Surgical strikes are good theatre, but stop there
The best form of attack is political theatre. It satisfies the bloodlust of enraged domestic audiences without causing serious military
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If the rupee drifts down, RBI should smile and do nothing
Three years ago, all emerging markets including India suffered a huge outflow of dollars. The US Federal Reserve gave notice
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What Sanand tells us about land acquisition
The Supreme Court has quashed the West Bengal government’s acquisition of land at Singur (later leased to Tata Motors), holding
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Robots likely to worsen shortage of good jobs
A bountiful monsoon has led some analysts to hope for 8% GDP growth this year. Incremental reforms across many areas
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Universal Basic Income is neither desirable nor practical
Switzerland recently held a referendum on a Universal Basic Income (UBI) for all citizens. Voters rejected the proposal 77 per
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End the rail budget, run railways on commercial lines
For decades I have argued that the railway budget is a colonial aberration that should be abolished. Wonder of wonders,
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Suicide’s no crime, and you can’t drive someone to it
Kalikho Pul, who split the Congress party and manipulated a friendly governor to become chief minister of Arunachal Pradesh last
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