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Demonetisation Shock Therapy: State Sponsored Financial Repression

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C R Sridhar
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Imprisoned within the narrow confines of this digital panopticon from which there is no exit, we will lose our freedom over our money. We will no longer have the choice of withdrawing cash from banks plagued with bad debts or withdrawing from irrational credit orgies as the risk of losing our money is too high.

Facing the signs of no cash and no exit we shall be agitated at the first signs of Financial Meltdown but we shall be pacified by the handlers of the pen. We will be reminded of our patriotic duty to the state to pay taxes. Ultimately calm will return.

After all the handlers imbued with the wisdom of Jean Baptiste Colbert the French finance minister to King Louis XIV know, "The art of taxation consists in so plucking the goose as to obtain the largest amount of feathers with the least possible amount of hissing."





C R Sridhar

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C R Sridhar is a lawyer from Bangalore,India.He writes for the Economic and Political Weekly and has contributed to the Monthly Review.He's a fan of music,movies and websites with alternative views.His writings are available at sapientpen.blogspot.in
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