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March 20, 2017

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Masoud Charkhabi

I just came back from India. I think the world under estimates this country, the power of its knowledge workforce, it's scale, and now bold leadership will carry it far, although slowly.
There is more trust in government among the poor and working class in India. Most of the outcry from Modi's ban came from the rich and upper class. I would imagine the situation would be inverse in America. A phasing out of cash would outrage the isolated and skeptical poor and working class. Even though with thoughtful consideration of the argument above, it is clear the benefits outweigh the transition costs. Just another case of sound public policy becoming impractical due to a distrust of government.

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