Day: April 12, 2009

Reflections

Economic slump, bailout and all that

Whenever the world suffers a severe setback on the economic front, some stop gap measures are initiated to lessen these effects. Bailout, infrastructure developments etc are some of the ready made short-term measures resorted to by the states.   Incidentally, such practices had been in vogue centuries ago, at least in India. The kings and …