Really surprised by RBI’s 50 bps cut and a dovish stance.
A interview of the Harvard historian.
It is interesting to have a scholar who is influenced by both Keynes and Smith. Being a Scot, Adam Smith was bound to be in the list. Addition of Keynes is interesting given his so called anti-fiscal stimulus views.
He dfferentiates between Keynesian and vulgar Keynesian:
Economists have a tendency to poke their noses into anything and come with an economic perspective on the same. Some turn out to be interesting and others are just awful.