Economists still debate.................

We are in deep rooted crisis in the world economy. It is more of structural issue than cyclical one. We need to be very careful in learning and addressing the problems. Unfortunately, Indian economists and Chacha PM misunderstand. It is grave danger to economy. 

“Henry Morgenthau was Treasury Secretary and this is what he wrote in his diary in 1939. “We have tried spending money. We are spending more than we have ever spent before and it does not work. And I have just one interest, and now if I am wrong somebody else can have my job. I want to see this country prosper. I want to see people get a job. I want to see people get enough to eat. We have never made good on our promises. I say after eight years of this administration, we have just as much unemployment as when we started. And enormous debt to boot.”