Saturday, October 25, 2008

Scandal Socialist Economics Professors

Professor G S Bhalla writes in BS but in times of crisis, it is only Keynesian remedies that are likely to work.” If it is that why it has not worked over last fifty years to improve the lives of the people of this country or any other developing country?

And he is also asking that the “public investment in urban physical and social infrastructure has to be increased substantially”. Then he should be read for what was happened in the past I remember his post-Budget vision of a tattered, ragged beggar with a garland standing under a sign that says, “The nation salutes the honest tax-payer.” That was in The Illustrated Weekly when Mrs G Senior raised the income tax rate to 98 per cent.

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