Somehow the government has convinced the American people that using tear gas is perfectly harmless, despite stark evidence to the contrary.
Religion forbids us from assuming a God-like character. This is especially true in politics and government, where limiting the power of the state, division of powers, and the doctrine of checks and balances are established in order to prevent accumulation of power that might lead to such Godly claims.
We no longer claim that a genuinely religious government can be democratic, but that it cannot be otherwise.
One way to ease liquidity for banks is that the government can buy all highly rated securities held by the banks. Every single bank in the U.A.E. has some sovereign debts in their portfolios. I am not asking them to buy any junk bonds, rather the high quality U.A.E. government debt.
If you have a government that is elected, they need to do the hard work - because if they don't, they won't be around the next time the ballot box is open.
The Korean government is the first to declare that if you replace people with machines you have to pay a tax. It's a tax on robots. They make private companies internalise the social cost of unemployment. Social benefit is not the same as private benefit. We have to realise this.
I am not partisan in my economic thinking. We work with any number of state governments, many of which are BJP governments.
If the BJP government, like the Congress party, had asked what were the numbers on the fraction of people under a particular income, would I have not told them the truth? I would have told them exactly. I would have been as willing.
The investment climate in Gujarat under Modi has been very supportive of business interests; but it was the same under the Congress governments that came before him.
There is no doubt that in the last years of the UPA's rule, a certain lethargy had set into the way the central government went about its business.
