Harsh and I have co-authored a piece on the Indian government’s irresponsible spending spree:
“My appetite is infinite and my greed is more.”These words were uttered not by a banker or CEO from the top 1% of the income pyramid, but by finance minister Pranab Mukherjee. He was exhorting his officials to ramp up tax collection, according to a June report by the Press Trust of India. His government’s addiction to ever-increasing spending is decimating the nation’s balance sheet.
More here.