Jokes – freshness guaranteed

July 3, 2011

Why does not the finance ministry want elimination of black money?

Filed under: Indian politics and economy — pramath @ 3:32 PM

Q: Why does not the finance ministry want elimination of black money?

A: We have to go to the basics of economics (or economix, whichever spelling you prefer).

If the supply of money increases beyond availability of goods and services, inflation occurs.

Now, if all the black money comes back to the market, it may flood Indian market so much that hyperinflation crisis like Zimbabwe or Argentina may take place.

After all, India is just a developing, poor country in white money sense!

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