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Budget 2021: Everybody’s Hollering For The Wrong Kind Of Fiscal Stimulus
What the economy needs is quick & immediate stimulus. Anything that calls for ‘increased government activity’ is doomed to failure
14 Jan 2021, 09:43 AM IST
I am getting alarmed at the pre-budget chatter. There is talk of imposing a Covid-cess to suck in extra revenue. Picking up clever leaks, pink papers have begun labelling it a “Keynes-inspired expenditure budget” where big outlays on healthcare and infrastructure will “bootstrap our economy back to growth”. On cue, the commentariat is revving up a tiny but rising applause, how “an unprecedented infrastructure push under the New Deal ...
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