15 November, 2016

AVOIDABLE WOES OF DEMONETIZATION

What was the problem if the people WHO DID NOT HAVE ANY 500, OR 1000 RUPEE NOTES were allowed to withdraw from their existing balances?
Or who deposited such notes but this new deposit money was frozen while old and existing balances were allowed to be withdrawn?
At least half the present misery would have been reduced without diluting demonetization significantly.

Am I missing some crucial lessons of economics here?

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