Article;
http://economictimes.indiatimes.com/opinion/interviews/global-economic-turmoil-to-continue-till-2015-kaushik-basu-chief-economist-world-bank/articleshow/17643530.cms
Comment;
I
would say both market and government are irrational. We can easilyspot
the examples like the US and the Europe. In case of the USmarket
fails and in the case of Europe government fails. In one casewe have too much private debt and in the other too much govt. debt. Where is the
relief? We need to steer economies with a common man's intelligence. I
mean we need to look at micro aspects or micro economics. We do not need too much debt or may benegligible...
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