Monthly Archives: May 2017

NPR’s Podcast on Demonetization

NPR’s Planet Money did a two part podcast on Anil Bokil and his organization Arthakranti who convinced Prime Minister of India Mr. Narendra Modi about demonetization as a solution to India’s poverty, corruption, and black money related problems. This was back in 2013 when Mr. Modi was Chief Minister of Gujrat.

Arthkranti is a plan conceived by some accountants and engineers to curb corruption and improving tax compliance in India. According to them, limiting the use of cash is one of the solutions. I have already talked about what is wrong with this solution here, here, and here. I also wrote a critique of Arthakranti proposals few years ago while I was grad student and did not think that anyone would take these proposals seriously!

Nonetheless, it is interesting to hear what Mr. Bokil has to say. NPR guys did a good job here.

I thank J P Konning for making me aware of this podcast through one of his tweets.

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Filed under current economic issues, demonetisation, indian economy, Monetary Policy