Sunday, December 11, 2016

India - Demonetisation Shock Therapy: State Sponsored Financial Repression

by C R Sridhar

The demonetization of the currency has also a shock and awe element to it: the shock of losing real money and the awe of being herded in digital pen. Cash carries a bad odour. Are you using cash because you are engaged in drug trafficking or are you a terrorist wanting to buy arms and explosives? Should you be flagged for suspicious activities for questioning by the national security state?

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