Meditating on Demonetization;Introduction .

Ever since he sidelined the senior BJP leaders  and declared himself as the Prime ministerial candidate  Mr Modi has remarkably changed the contoures and fortunes of BJP as also his personality as an authoritarian individual centralizing all the powers under his feet and the collective leadership of the party has been thrown to the dustbin and more important in the pleasant company of his party president he   captured power in most of the key states By any standard is  a great achievement and given the servility of politicians and political game changers it is also not surprising that money craving vultures have switched sides.Earlier this was the case when congress had the  monopoly power and many jumped into that bandwagon ..here the consolidation is swift and intimidating.

Three years after power at the centre only states like Punjab,Bihar. West Bengal, Kerala TamilNadu and Pondicherry  remain resilient to BJP ‘s invasion.To what extent  the drastic measure of Demonetization  which we prefer to call as political thunderbolt was instrumental for this transformation of power  is still unclear. Indeed there was an expectation of backlash but quite surprisingly  this populist measure which really caused real suffering to the informal economy was also a factor which made the poor to emerge as a new constituency for the rightist urban business mania based political party.

I am a least politicized person and basically a student in International economics. I was also one of the well wishers of Modi in 2014 as we wanted  a break from the monopoly of Congress and its corruption. Even in my wildest dream I never imagined that there was an another side or face to Mr Modi.More about this later.

As a citizen of the country and having some interest and intelligence in monetary and macro economics  

I articulated my views in facebook and conferences.I had the privilege to think aloud and lecture on this issue in some colleges and universities .Lecture notes are scattered in different places and This exercise is meant to collect them  and compile in order that  a monograph might evolve at a distant date.There may not be any connected and continuous stream of thought but nonetheless  each blog will have some subtitle and capture the flavor of the subject.My immediate task is to assimilate and bring them under a common roof.I am not an empirical economist but rather an intuitive student having only love for the subject as also the country..Indeed my  patriotism is not confined to the narrow nationalist wall and in typical Ancient Tamil spirit I consider myself as a world citizen like Kanian Poongkundranar who told long ago  Every nation is my nation and all countrymen are my kith and kin.