Hayek Order

Saturday, October 1, 2011

Proof does not matter in policy

"Henceforth, all professors are rich by the gospel according to the UPA......


When Chidambaram argues for higher tax rates, what is he indulging in — politics, populism, or wild dreams? He doesnot know, and what is worse, neither does the government. Is this how policy on one of the most important economic issues is made in India — without any data? Yes, because in India, no proof is required, for people who make policy and for those who want to make policy."
Chandra at 10:15 AM

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