So the news is that Raghuram Rajan has been appointed as the Governor of the Reserve Bank of India and his three year term will start in September.
This is a bit surprising given that Indian government officials are not too free market fundamentalists as Raghuram Rajan. What is more disappointing is that Rajan completely denies that Keynesianism works....
Instead Rajan offers supply side reasons for the economic mess.As Ramanan says, OMG. Does this signal that India is on the way to neoliberal dystopia?
The Case For Concerted Action
An Anti-Keynesian Central Bank Governor
Ramanan
