The Gujarat Model is an illusionary dream! I mean what's the Gujarat Model? Encounters. Killings. Riots. Rapes. Creating a power center. Hate. Violence. Creating Fear. Communalizing Politics. I don't know what the hell about it made it promising? I have been tracking the Modi-Shah bullshit pre 2014.

@TheDonkeySays @IshaKaushik @shinjini @Poonamsharma @NSure @Iwalkalone @KayKap @VivekT @Samyukth @ashwin @milcom @shirishag75 @Pranavgupta @Vishsai @Battrebeet @Aousepp @wabbster

@musafir it was projected simply as an economic model.

@TheDonkeySays @IshaKaushik @Poonamsharma @NSure @Iwalkalone @KayKap @VivekT @Samyukth @ashwin @milcom @shirishag75 @Pranavgupta @Vishsai @Battrebeet @Aousepp @wabbster

@shinjini I know. But economy isn't just money. It's a lot more about society. About people. That's what we fail to see.

@TheDonkeySays @IshaKaushik @Poonamsharma @NSure @Iwalkalone @KayKap @VivekT @Samyukth @ashwin @milcom @shirishag75 @Pranavgupta @Vishsai @Battrebeet @Aousepp @wabbster

We folks suffer from an affliction of not thinking deeply enough or asking tough questions - for folks like that it is very easy to sell any packaged crap as manna from heaven. That's the Gujarat model in a nutshell.
One can package a dead donkey any which way, eventually it is bound to stink.

@musafir @shinjini @TheDonkeySays @IshaKaushik @Poonamsharma @NSure @Iwalkalone @KayKap @VivekT @ashwin @milcom @shirishag75 @Pranavgupta @Vishsai @Battrebeet @Aousepp @wabbster

@Samyukth @musafir @shinjini @TheDonkeySays@mastodon.social @IshaKaushik@mastodon.social @Poonamsharma @NSure @Iwalkalone @KayKap @VivekT @ashwin @milcom@mastodon.social @shirishag75 @Pranavgupta @Vishsai @Battrebeet wait till you realise this equally applies to almost anything you’ve been told about economics.

@ilr Welcome to this thread. Yes, I am aware that my statement can apply to a fairly wide swathe of areas. But would love to hear if you are going somewhere with this.

@musafir @shinjini @TheDonkeySays @IshaKaushik @Poonamsharma @NSure @Iwalkalone @KayKap @VivekT @ashwin @milcom @shirishag75 @Pranavgupta @Vishsai @Battrebeet

@Samyukth @musafir @shinjini @TheDonkeySays@mastodon.social @IshaKaushik@mastodon.social @Poonamsharma @NSure @Iwalkalone @KayKap @VivekT @ashwin @milcom@mastodon.social @shirishag75 @Pranavgupta @Vishsai @Battrebeet we dont know where to start. Modern economists believe that demand and consumption creates growth 1/

@Samyukth @musafir @shinjini @TheDonkeySays@mastodon.social @IshaKaushik@mastodon.social @Poonamsharma @NSure @Iwalkalone @KayKap @VivekT @ashwin @milcom@mastodon.social @shirishag75 @Pranavgupta @Vishsai @Battrebeet and berate savings whereas the opposite has been known to be true forever before 2/

@Samyukth @musafir @shinjini @TheDonkeySays@mastodon.social @IshaKaushik@mastodon.social @Poonamsharma @NSure @Iwalkalone @KayKap @VivekT @ashwin @milcom@mastodon.social @shirishag75 @Pranavgupta @Vishsai @Battrebeet the entire fiat money project was started around ww1 and resulted in millions of deaths 3/

@Samyukth @musafir @shinjini @TheDonkeySays@mastodon.social @IshaKaushik@mastodon.social @Poonamsharma @NSure @Iwalkalone @KayKap @VivekT @ashwin @milcom@mastodon.social @shirishag75 @Pranavgupta @Vishsai @Battrebeet but today no "economist" would decry central banking or support a gold standard 4/

@Samyukth @musafir @shinjini @TheDonkeySays@mastodon.social @IshaKaushik@mastodon.social @Poonamsharma @NSure @Iwalkalone @KayKap @VivekT @ashwin @milcom@mastodon.social @shirishag75 @Pranavgupta @Vishsai @Battrebeet the best we can do is keep publishing the truth and hope at least the "intelligent" see the light 5/

@Samyukth @musafir @shinjini @TheDonkeySays@mastodon.social @IshaKaushik@mastodon.social @Poonamsharma @NSure @Iwalkalone @KayKap @VivekT @ashwin @milcom@mastodon.social @shirishag75 @Pranavgupta @Vishsai @Battrebeet unfortunately or fortunately anybody with a degree in economics is mostly a lost cause in this /END

@Samyukth @musafir @shinjini @TheDonkeySays@mastodon.social @IshaKaushik@mastodon.social @Poonamsharma @NSure @Iwalkalone @KayKap @VivekT @ashwin @milcom@mastodon.social @shirishag75 @Pranavgupta @Vishsai @Battrebeet we’ve retooted some of our recent stuff to the top of our profile for the newbies here.

@ilr Thanks for that. Will check out your recent stuff.
Isn't a falling savings rate, for quite a while now, one of the fundamental reasons for the headwinds that we have been facing? In fact, isn't this one of the reasons that any interest rate reduction by the RBI hasn't really translated into a lending rate drop?

@musafir @shinjini @TheDonkeySays @IshaKaushik @Poonamsharma @NSure @Iwalkalone @KayKap @VivekT @ashwin @milcom @shirishag75 @Pranavgupta @Vishsai @Battrebeet

@Samyukth @musafir the falling savings rate is a natural consequence of inflation.
Lending rates etc are totally artificial when ur cb is setting an interest rate and does not reflect the supply and demand of savings and investment.
Theres a lot to disassemble in your q, maybe a good starting point for understanding the big picture is this lecture:

https://youtu.be/SAN5CKbZnD0

(Removed the other handles just to get more characters into this toot)

@ilr Thanks, will listen to it and get back to this thread.

@musafir