1/ As a Washington, DC resident for the better part of two decades, I experienced a visceral reaction to the events of January 6. Here's my attempt in @htTweets to make sense of them hindustantimes.com/opinion/americ…
2/ I think there are, for me, 4 big takeaways. First, the Trump era serves as a vivid illustration that institutions are ultimately only as strong as the social norms that underpin them, and the individuals who mobilise to support them hindustantimes.com/opinion/americ…
3/ Second, democratic accountability cannot be limited to the ballot box alone. Desperate talk of the need to protect the country from Trump to avoid further chaos in his final days only underlines the series of missed opportunities to hold him to account. hindustantimes.com/opinion/americ…
4/ Third, cults of personality that place a single exalted leader above party, country, and constitutional office, rarely end well. As the author Maya Angelou famously said: “When someone shows you who they are, believe them the first time.” hindustantimes.com/opinion/americ…
5/ Jan 6th is, in part, the product of a broken global information ecosystem. America’s toxic political climate is not simply about two sides talking past each other, it is that one side is engaging with reality while the other is trafficking in fantasy. hindustantimes.com/opinion/americ…
6/ We are reminded that the greatest threat to democracy comes not from foreign meddlers or external crises; rather it emanates from within. For decades, Americans have told themselves “it cannot happen here”. Until, on a blustery January afternoon in Washington, it did just that
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1/ Interesting insights on the Indian economy in this note by Sajjid Chinoy. "India has broken the link between COVID proliferation & mobility much earlier & more successfully than many countries." Private sector activity levels jumped back up to 95% of pre-COVID levels by Oct.
2/ This is being complemented by the long-awaited pick-up in central government spending. Even as state government spending continues to contract, central government spending has surged.
3/ "A second phenomenon playing out in tandem, however, is labour market scarring...The recovery appears to be led by capital and profits, not labour and wages."
1/ As the US election nears, our team is surveying Indian-American college students (and a parent) for a study on inter-generational differences in policy/political attitudes. If you're part of a campus organization or would like to get involved, email us: siaa-survey.com
2/ Here's a short video explaining our study's approach and why we think this survey is important:
3/ Or you can check out a short podcast @KhariBiskut, @sameer_nd & I recorded where we talk about our survey effort and what makes it unique: siaa-survey.com
1/ In the latest issue of the Journal of Economic Perspectives, @AmartyaLahiri has one of the most comprehensive assessments of #demonetization I have seen to date. The piece is ungated and can be found here: pubs.aeaweb.org/doi/pdfplus/10…
2/ The bulk of the piece focuses on whether demonetization achieved its three stated goals:
1) Seizing the black wealth created through undeclared income
2) Increasing the tax base
3) digitizing the economy & reducing the reliance on cash
Lahiri analyzes all three.
3/ Because 99% of the currency was returned, we know that the direct method of capturing unaccounted wealth did not work. When it comes to indirect methods (tax), neither demonetization nor GST pushed the indirect tax/GDP ratio off its recent trend path.
1/n Very interesting results from CSDS-Lokniti 2019 pre-poll. First, Modi's popularity has rebounded. Is back at May 2017 levels (and even higher than May 2014) lokniti.org/media/upload_f…
2/n Anti-incumbency sentiment against Modi government seems to have ebbed somewhat lokniti.org/media/upload_f…
3/n While Balakot does not rate among top priorities for voters, there is evidence it is *shifting* perceptions and behavior. Awareness of Balakot strike is blunting unemployment factor lokniti.org/media/upload_f…