asdf update for later
The Harvard Crimson changed around some of my phrasing, wording, and took out some of my arguments or made them vague and unclear. In some cases they don't make sense at all. So here I want to post the original version I submitted. On Nov. 8, 2016, India’s Prime Minister Narenda Modi made an… Continue reading Original Final Version of Harvard Crimson Op-Ed titled “How Much Cash Do You Have in your Wallet?”
My summer column writing comes out on alternate Wednesdays! I'm writing a total of 5 articles under my column "Supplying Economics on Demand" (yes, I named it after this blog). My first article is about exploring the thought of moving towards a less cash (NOT cashless or cash-free) society in the wake of India's demonetization… Continue reading Check out my summer column (and first Op-Ed) in the Harvard Crimson!
Significant differences exist between India and U.S. One is that India was very cash-intensive before Modi’s announcement – 90 percent of people used predominantly or even exclusively cash and not many used bank accounts, which is essentially the opposite of the situation in the U.S. Another is that India is a developing economy while the… Continue reading Thoughts on India’s Demonetization and moving toward a less cash society: U.S.-India Differences To Keep in Mind.
It seems that as people become wary of the business cycle falling into recession again (it's been 10 years since the 2007-8 financial crisis and I've observed that most people feel these cycles on average turn at approximately 10-year intervals), our wariness has actually caused the economic cycle to extend and delay falling into a significant… Continue reading Extended business cycle since the 2007-8 financial crisis
We have gotten so used to physical cash that it is almost hard to imagine a world with less cash. But Kenneth Rogoff, former chief economist of the International Monetary Fund, encourages us to consider the notion. According to Rogoff and his book Curse of Cash, there exists an abundance of cash in the world,… Continue reading Cash: Pros and Cons