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Showing posts with the label tasmac

some random musings

1)  Fundamentally, we all go by our System 1  thinking - with  'perception  bias"," recency bias" and what not. All of us including the so-called Economists are basically Irrationalists. We are all very good critics and so we want to find all the wrong reasons to blame the Government at the Centre and Modi in particular. (E.g Some of the questions our analysts and researchers frame for fixing the blame for the pandemic deaths/distress in their families- Do you Blame Centre or State or your fate-sounds childish-no blame for China!!!) Those who want to blame Modi often confuse others  with Pandemic induced downturn with economic policies of the Govt  , which are bad according to them. So many of their arguments are based on their convenience and not based on any economics per se.Most of them will start by saying "Tea sellers do not know anything beyond Pakora", or "Demon led to all these economic downturns etc. with a sweeping judgmental tone". None...