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The Enduring Keynesian Charm

Was Lord Keynes Right or Wrong? Keynesian Economics, is used to represent a classic view that argues, that private sector activity sometimes leads to distortion of macro economic conditions. Years of economic turmoil have re-ignited the debate about Keynesianism. As the financial crisis caused mass unemployment, Keynes appeared to have been proven right. But even after years of financial stimulus(read Keynesian-inspired deficit spending) high unemployment persists and public confidence in Keynesian policy is shaken. As the United States is stagnating and as Europe is crashing down, critics of the Keynesian theory feel vindicated. This presents one of the most daunting paradoxes of modern   day economics. Is Keynes right or is he proven wrong. The answer probably lies in dissecting the Keynesian thought and removing the diagnosis from the treatment. While all modern economists will agree   “ free market will periodically fail to utilize all the capacity in the economy d

India will decide how NaMo fares

While Shailaja Bajpai may be a good journalist, but Logic does not seem to be her forte. She rates Rahul Gandhis interview as tough. As a representative of Congress he was cornered on 84. Just to make things easier for her to understand, can an interviewer corner Ms Shailaja on 26/11? While my question may sound bizarre, but logic is plain and simple, one can be CORNERED only on things that he/she is PART off and not on issues that one is not remotely associated with. So Shailaja in a way admits that party that RaGa represents has some role to play in 84 riots and hence he was cornered.  The basic flaw in her arguments lies in Assuming Rahul Gandhi as the PM candidate of the Congress party. A decision that even Congress party has not taken. So what prompts Ms Bajpai to assume that RaGa is the PM candidate of congress and UPA? Is she endorsing the fact that no one apart from the dynasty can assume the position? If not, then RaGa appeared for an interview as a representative of

Lies of Kejriwal: Varanasi Edition.

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At 6.30 pm while the sun was setting-in, along the banks of Ganges, the horizon was ablaze with lies. Ganges , that has been purging mankind since time immemorial, got a chance to redeem itself of all the mortal filth, it has been carrying. Bhagwan Shri Shri 840 kejriwal ji Maharaj was in Varanasi. While number in front of his name may indicate the number of lies that he has told, I with mortal faculty and limited understanding of the functionings of immortal Bhagwan shall present here only his top 3, latest “Satya Vachan”   #1 BJP never Showed black flags to any congress leader: This from a man who joined hands with Congress to form a government in Delhi. Irony finally died today. Irony was breathing its last since Bhagwaan Kejri emerged on the Indian political scene, and even after a murderous blow at Varanasi, it is grateful to Bhagwaan kejri for letting it die in the holy city  of Varanasi and achieve Moksha. While history is full of incidents, where BJP has proteste

Response to clarification by AAJTAK on Kejrival-Punya interview scandle

Dear Editors at Aajtak, I appretiate your immediate clarification on the 'kejriwal' interview issue. While I must complement you on your comprehension skills, which you effectively use, to mask your brazen contempt for your audience, ill-logic still reeks from the edges. Indiscriminate use of words like 'ethical/moral/highest standards' as an adjective to journalism, not only imparts a comic flavor to the entire apology but also indicates the (un) importance they are bestowed in the over all 'value system' of the organization. Let me draw your attention to the 'no EDIT' logic of yours,which somehow, the entire Aajtak group is trying to re-invent as a new journalistic benchmark. I ask you a simple question, why would an editing be needed, if the Interview Questions and its responses are previously decided and rehearsed upon? It is synonymous to saying,NO CHEATING was allowed in the exam, where the question paper has already been leaked. The