It is a People's Fight...

Black-money is that part of the society’s untaxed-income which it could not consume, also a loss in indirect-taxes, and is put-off from the banking which reduces savings and investment in the economy, higher savings reduce interest-rate and increase investment, more savings are good for investment, therefore it has direct terms with investment and the per-capita-income which is important for an equitable distribution of income or wealth or equality in the society. It is not difficult to imagine that it affects the economy in a negative sense when the objective of the economy or society is equitable distribution of resources or endowments. Nobody can deny that black-money or untaxed wealth might diverge the economy from it fiscal-consolidation path, too. The whole idea of the black-money is against the government’s plan to eradicate poverty and improve allocation between public-purposes. People amass black-money which they even could not consume through right channels and become a source of further corruption in black-deals or trade with cash. It would not be an exaggeration if we say that black-money too work through multipliers, i.e. black-money-multiplier which is a multiple of the black-money, people try to hide the use of it, there is a whole black-money or parallel or shadow economy of which the public-sector has no data which once brought to the books might increase income, consumption, savings and investment, and taxes and spending, and the economic-growth and expectations. It is true that demonetization could not end all the black-money, but by committing to a less-cash economy it (government) has laid foundation of a larger and more accountable economy which could quell generation of the future black-money. The charm of demonetization further comes from the fact that it would also increase genuine demand by reducing illegitimate demand and prices of important things like shelter or homes, one of the largest spending in once life apart from gold and marriages, though lower interest-rate or borrowing-cost would  also increase supply of almost everything and lower-prices, more over black money is also used for hoarding and speculation. Lower interest-rates are also responsible for higher investment and lower unemployment and higher working days in MNREGS through higher taxes and public-investment. Demonetization would fuel our economy for better-days… The common-man would realize and recognize that the present government has taken an important step to end corruption against society; our patriot country-men would appreciate the fight against illicit-wealth and power same as when they read stories and feel proud of our freedom-fight and freedom-fighters. Freedom from corruption is a fight of the common-man, by the common-man and for the common-man…