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Demonetizing small business

An earlier version of this article used the term Lala for trader, which could be taken as a derogatory reference. My apologies. I am old enough to remember the BJP of Madan Lal Khurana. Not when he was the chief minister of Delhi, but much before, when he was the voice of the trader during […]

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Newsletter #12: Access to Capital

What is cash? My economist friends will have their own answers, but as far as laypeople go, cash is what allows you to buy stuff. Cash goes in, stuff comes out. Cognitively, cash is tied to property. If possession is nine-tenths of the law, and you need cash in order to possess, then cash is […]