Gordon Chang of Forbes writes about India:
The 'giant sucking sound' you will soon hear is money, once headed for China’s shores, on its way to India's instead.
The sad part of this is a billion people in India, sitting idly by as they wait for some other population's fiat currency to arrive in their pockets (along with effective ownership)
This reminds me of the so-called Law of Effective Employment, which I'll restate as the Law of INEFFECTIVE Aggregate Finance.
"The person who know HOW will always have some currency, and the person who knows WHY will always effectively own them, by controlling the currency supply."
Have Fiat .... Won't Use It
