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A theory is appropriate as long as it fits into the fact; when a theory doesn't fit in the fact, it's wise to walk with the fact.

Monday, August 8, 2011

US Debt Crisis: Impact on BD

In a short interview with the Daily Prothom Alo, Professor M. A. Taslim talked on the right policies that the Finance Ministry needs to follow in the wake of US Debt Crisis.

Here is the link of the interview. 

His words on budget balance based on government aggressive borrowing at the time of  'twin deficit' should be taken seriously, in my view. And, any suggestion from policy makers apart from what Mr. Taslim said should be taken cautiously.

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