The original vs quack demonetization solution
Beware of another quackery coming up like demonetization, called the ‘Universal Basic Income Scheme’ from our Government. At the face of it, the idea appears like a truly people oriented solution. But look deep, it is another quack solution like demonetization.
People had indeed suggested demonetization as a solution to cash part of black money. That was not to remove the ‘current’ cash black-money, but future cash black money. The idea involved demonetizing the higher denominations, not just swapping them with new notes,but totally stop the higher currencies, allow only less than Rs.100 denominations, […]
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