Golmaal Hai, Bhai, Sab Golmaal Hai

Seedhe raste ki yeh tedhi chaal hai Like we discussed yesterday, Trump signed (no, he didn’t use his angutha) the US $2.2 trillion emergency relief bill to support the U.S. economy crippled by the Covid-19 pandemic. Barring a Republican representative (self-avowed libertarian), Thomas Massie of Kentucky, no one in the House of Representatives had any … Continue reading Golmaal Hai, Bhai, Sab Golmaal Hai

The Twin Problem and China’s Next Steps

The cure can’t be worse than the disease. Really? One reason why the current economic crisis has foxed policymakers and central bankers all over is the ‘twin problem’ challenge confronting them. The ‘second’ problem is easier to solve. Consumer demand is weak in the economy and the government needs to act as the spender of … Continue reading The Twin Problem and China’s Next Steps