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Thread on eminent people supporting farm laws:
Dr. Gita Gopinath, Chief Economist at IMF says "Farm bills are in right
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Godrej Agrovet Chairman Nadir Godrej tells Bloomberg that agriculture reforms are important for India. pic.twitter.com/N6rnelLn0E
— BloombergQuint (@BloombergQuint) December 11, 2020
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I am unable to understand the economic logic behind the opposition to the #FarmersBill.
— Amiyatosh Purnanandam (@amiyatosh) December 23, 2020
Mere speculation that markets can perhaps fail is a very weak argument against market reforms.
Sure, market-based systems can have some problems and we do need safeguards against that. 1/3
More from Economy
1) Well, also there is this:
For 400 years inflation has NOT been in a "mountain range" of up and down, but rather stair-stepped in giant increases, always associated with major transformations in economic arrangements.
For 400 years inflation has NOT been in a "mountain range" of up and down, but rather stair-stepped in giant increases, always associated with major transformations in economic arrangements.
The only way that debt comes down is if rest of world flips to trade deficit status w/US (I.e., trades accumulates $USD from prior trade surpluses w/US for actual goods & services). Not likely anytime soon. $USD as global reserve currency requires massive public debt.
— David "Most Vicious Dogs & Ominous Weapons" Herr (@davidcherr) January 15, 2021