Marginal REVOLUTION

Marginal REVOLUTION - 172

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The Anarchy

William Dalrymple is one of my favorite writers of non-fiction. He burst upon the scene in 1989 as a precocious, if occasionally a bit snotty travel writer, with In Xanadu in which he traced the path of Marco Polo from the Church of the Holy Sepulchre in Jerusalem to Xanadu in Inner Mongolia. He...

Politically Incorrect Paper of the Day: The United Fruit Company was Good!

The United Fruit Company is the bogeyman of Latin America, the very apotheosis of neo-colonialism. And to be sure in the UFC history there is wrongdoing and plenty of fodder for conspiracy theories but the UFC also brought bananas (as export crop), tourism, and in many cases good governanc...
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YES BANK Photo 2018-06-07 04:43

Rana Kapoor, MD & CEO, YES BANK - “RBI’s unanimously delivered 25bps hike has been balanced with a neutral stance, reinforcing MPC’s alacrity to retain inflation within its 4.0% target amidst hitherto buildup in price pressures led by crude prices. The rate action comes at a time when economic recovery now appears to be on a firmer footing. This stance allows RBI the choice to act in accordance with evolving macro and financial conditions, in both global and domestic economy in the coming months. Amidst many moving parts, this will entail a careful balancing of global headwinds from elevated crude prices, geopolitical tensions, and domestic policies of MSPs, state pay commissions on growth-inflation dynamics.” #RBIPolicy