How India Prevents Bank Collapse

This is precisely what we were warning the world about including the US. Leading economists including some who have won Nobel prizes like Stiglitz and Krugman are telling us go out there and spend helicopter money, monetary and fiscal expansion," he says. "We had gone out there and done this massive amount of lending and it had created bubbles" He adds that one of the important lessons here is never lose track of macro economic stability.

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