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Commonsense Approach To The Economy

Jan 31, 2009 5:07 am

re: Commonsense Approach To The Economy

Ashish Belagali

Cool. What an eye-opener!

In India, post Satyam scam, one option being considered was govt bailout to help the company in trouble. The newly formed board of Satyam refused to consider it as a solution and finally it did not happen. The story is yet not over, but various good possibilities are already open. On a hindsight, one can see that just pouring taxpayers' money would not have been of any use.

The money is instead better spent in creating better infrastructure and employments.

I am not an economist, but this common sense approach appealed to me.

/Ashish

Private Reply to Ashish Belagali (new win)

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