To The Point : Amartya Sen Exclusive Interview By Karan Thapar On Demonetization
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- Опубліковано 9 січ 2017
- This episode of 'To The Point' features exclusive interview of nobel prize winning economist, Amartya Sen by Karan Thapar. In this interview Amartya Sen discuss about the aims and achievements of the demonetization as well as its consequences, both that were intended and not intended.
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So happy to see you Professor Amartya Sen sir .🌸😊 proud of you sir .. 🙏🏻🇮🇳
If Amartya Sen said that its false move. Then it is... I mean look at his experience awards honours .and A nobel prize.. So if you guys are smart than a Nobel prize winner then you guys are God.
Omkar More I disagree with the point you made that Mr.Sen's insight into Indian Economy is questionable just because he doesn't live in India. A person like him can feel the pulse of economy even sitting in his bedroom while he has all the necessary statistics right at his hand.
One point more, those who were in India back the time when demonetization happened despite their good grip of the Indian Economy (if there long association and staying in India may allow them to be so) put up a bad show starting from the finance minister to the governor of the reserve bank issuing contradictory rules each and everyday . Certainly their long association with Indian Economy didn't make them any wiser at the cost of the harrashment f the common people.
What experience? Only as an academivian. He has been lecturing for decades in American university. Economics operates in the materialistic realm but it cannot be of much use as a subject of study, only of very limited value. This is because human nature eith its tendency to get opportunistic out of selfishness and chicanery, rivalries and jealousies. As such it makes any application of the ever changing economic theses of little value and utiliy outside a very narrow range in terms of space and time. Mathematical (econometric) models are used in order to give economics a flavour of science, but with no real success in prediction or planning. By the way, Alfred Nobel did not regard evonomics (for the above reasons) and hence NO Nobel for economics. However Nobel instituted non-science Nobel prize in the case of literature or peace, which some believe is used for geopolitical reasons. . The so miscalled Nobel prize in economics is actually a prize institited by the Swefish Royal Bank to honor the memory of A Nobel. This prize is awarded on the same occasiin as the Nobel prizes in order to reduce awarding expenditure.
That said, you "master" economics meaning the umpteen theories ("laws") and the nomenclature constructed through the last two to three centuries, produce some thesris based thereon, in well articulated and nuanced manner and take a bet for a memorial prize. "Research" papers and citations are required.
To my thinking, it is not sensible to invent any separate subject as long as it excludes the wisdom, culture, and ethos of disparate civilisations of the world.
Marjorie Bakre Are you suggesting that the study of economics is a futile process as it is in no way linked with the reality? If an economist by being an economist as he became an economist by remembering few theories related to economics is not allowed to voice his opinion then who is or are the suitable one for the same ?
Economics, going by your explanation, is a pseudo science and therefore lacks the credibility of predicting the future accurately . Okay but in economics and finance unlike science we human beings play a very crucial part and that's why I believe, accuracy can't be ascertain. At times meteriologist can't predict weather accurately still that branch counts among the science studies.
In my opinion ( where an academician is not allowed to voice his opinion , my chances are rather slim) the studies of social science, pure science, applied science compliment each other. Dynamite was invented by a scientist, he didn't envisage it as an instrument of destruction still it was used in that way. A scientist could not predict this ,how can an economist could predict economics rightly?
@@MarjorieBakre so you think someone who is not an economist ought the do the work of an economist. What's the need of Economists then? Quite contradictory.
One last things, the honour is still the most prestigious. It makes no sense whether it's called Nobel prize or something else. You got to respect someone opinion who has been bestowed with the most Prestigious honour.
@@avisiktakundu5525 Rightly said. If the theory is applied in general, In that case doctors are not supposed to diagnose diseases. Let's resort to the politicians to do that work too.
Karan Thapar is to journalism what Sachin Tendulkar is to cricket and AR Rahman is to music.
Seriously?
@@sciencelover4936don't take them seriously bro! these sort of people think that endorsing n imposing western idea and culture on Bharat n its polity is journalism is all about...they r nothing but cultural sl@ve , n they hate Modi bcz he stands his ground n put Bharatiye cultural values above everything
@@deepakishere-e1d Atleast these morons should realize they are being fed and allowed free journalism because they are in this country.
reading all these comments...
Modi has succeeded in hypnotizing people
That sums it all. His biggest success has always been that. The way he reached the status of a messaiah from the Gujarat ruins is unmatchable achievement, given the actual ground facts.
Few good projects in Gujarat and done! Neither Gujarat nor India should go forward that way in a sane world.
Well said
5.6" is an asshole!
5.6" mahachutiya hai!
It should be ' these comments ' a language mistake.
See the courage of Bhakts in comment section, even noble Laurette is not spared. Jai ho bhakto, karo bhajan.
Swapnil N
hello my friend
just wanted to provide some counter arguments. they are saying that 6% of the black money is in cash and Modi banned 86% of the cash however do we know how much this 6% is in the 86% cash I hope you understand my point also it is the same Nobel laureates who had criticized Modi even before he became a prime minister and said he would be a disaster to the country how how is that a neutral opinion just something to think about
I would also like to point out "Vyapam" scam, where more than 50 people were mysteriously murdered. So something here also to think about. Boss, more than 100 people died in queues. Nearly 5 lakh job lost, new jobs never created. Swiss bank money gone like fart in the wind. I can list still more. So people of India want liars, killers, dictators, etc. now. Who am i to judge. I gave vote too. Banks don't want to provide numbers because now the government will be in trouble. Stil carry on bhajan.
Nobel prize does not give him immunity to be questioned? Grow up. Truth is truth, but now a days person speaking is more important than truth.
Reality is the move of demonetization was disruption and courageous which established nexus did not like. To jump on success and failure on such drastic move in such short time itself is moronic. But yes it give some out of job people reason to be important for short period of time by blind and illogical criticizing popular person or move. Instead of that these morons might have indulge in constructive criticism and not show their political bias over professional opinion, but that is also mirage in India to expect successful professional to be performing their duties rather than passing biased personal opinions. As the corruption is a industry in India and most of the successful people are product of that industry and in the process the line of right and wrong got blurred and replaced by line of my benefit or my loss. These people miss use public platform to blind the confused segment of our population, which is a big percentage. There is saying in vedas that if you speak a lie 12 times it started seems to be true. The confused middle class in India bind themselves with TV and provide their remote to media houses, which are in itself have cozy relationship with politicians. Believe me time has gone when such morons could miss guide public. The literacy rate in India increased significantly, the penetration of internet is huge and now public is making opinion on information provided crowd sourcing and social networks.
Deepak Paliwal Neither does the PM. This is the problem with people now-a-days. If a person is flashing 10 times on television, they consider him great. Go outside 10 km away from our national highways, you will see real face of india which lies in villages. People struggle for basic amenities like food, water, electricity, etc. The people who were mostly affected were daily wagers, construction workers, etc. I have seen 1000s of people going back to villages due to so called courageous move of demonetization. Also do you even know amit shah own coopeative bank which receive more than Rs 500 crores. I mean how can u be so blind? Also the people who were caught with new currency belonged to BJP MLAs. Are you kidding me. Also, repeating lies won't make it truth. Truth is truth. The problem is few people are fed with false information since their childhood. So when they grow up, they spread hate under name of religion, cast, creed, etc. You talked about social networks on internet. I bet most people don't even know reading and writing English. Do you really think previous governments did not think about demonetization? About middle class, i think they are most educated than upper class and lower class. Upper cast people won't even care and lower cast people don't even understand. I can still write many things about what is right and what is wrong, but i think we need to ponder upon issues at hands and how to tackle those issues without killing people of India (ATM queue, remember?)
This great noble laureatte stole his best friend's wive, talk about his honesty.
He got the nobel prize by wedding into a very rich family.
He is a leftist, colonized India hater.
He is a Nobel Lauraeate - Have some RESPECT -Bhakths.
His face has the respect. Of my shoes.
his shoes cost more than your salary haha!
Bhai they don't even know what is Nobel prize or it's importance. Trying to put sense into their head is a futile effort
BigV RBI has declared Demonetization has been a huge success all black money returned 😂😂. Congrats bhakts
Plz criticize Amartya Sen even more since he has time and again proved what he says.
These bastards dont know pm vajpayee awarded him the bharath ratna
My God..so many Modi bhakts in the comment section...Hi Bhakts..Can you tell me how much you are paid for these comments
5 rupees per comment. 10 rupees per tweet. Make sure you write in broken english to attract like minded people haha!
@@oneforallah well when society is bad it should be questioned
@@biswajeetsahu4152 bruh society can be questioned, society is malleable to a certain extent and we must mould it as we please and based on what's right. But that doesn't mean we allow leftist communist snakes especially ones like Amartya albeit he is smart and a nobel laureate but that too was all planned by the ones who choose em. For a fact did you know who Amartya sen is married to ? Go look that up. Also do lookup what we're the couple's suggestion to our banks, of how they wanted our own Banks to leave it all in the hands of the world bank. Sadly today Amartya is no more than a Rothschild puppet.
Nice to hear A Sen's perspective on demonetisation. It would have been much better if Karan was not interrupting Sen often. We missed the full perspective of Sen on many occasions because of the interruptions.
When chaiwala thinks he is greater than Nobel laureates
He became PM. You?
@@harir3628 I am paying him salary by paying taxes. He is a public servant which means a servant of me, paid by my money, appointed by many people like me to serve me. We the people are the masters not him.
Nobel Laureates are selected for other "reasons".
Amartya Sen ---- Hates off to you...... From my point of you i just say you understand india so nicely... thanks you....
He is a lovely man but he instead of providing solutions starts criticizing in the worst way possible, that insults many Indian''s sense of pride.
@nzjoshjoe nzjoshjoe "Hats off" not "Hates off"
It's hat's off
Folks, He is the Nobelist.... !!! He is not a chaiwala...
Balu Dojad dude I personally feel he is not an excellent Economist ..Nobel doesn't mean one is a genius
SN Bose never got a Nobel
@@benefactor4309 look at our economy now. He surely was right about the catastrophic effects of the demonetization.
@@benefactor4309 He didn't do PhD..that's why Satendra Nath Bose didn't get Nobel. The scholars who worked on his theories got.
@@benefactor4309 Nobel Laureate means s/he is likely to be better in his (/er) field than an average person. So s/he is a genius in his (/er) field.
SN Bose didn't get Nobel prize because he didn't prove his theories. Later on those who were able to prove his theories got Nobel prize. Same happened with Albert Einstein; he didn't get Nobel Prize for his Theory of Relativity. But those who proved some aspects of his theory, got Nobel Prize.
For those of you who have a strong aptitude for mathematics, you may find his early article titled "Interpersonal aggregation and Partial Comparability" a very enlightening read. Based on a personal conversation with Sen, he told me that it is one is most analytical papers on the idea of economic welfare.
I dont think that demonetization is going have any negative impact on BJP in coming polls. That is because the unrealistic hopes that MODI planted in peoples mind still is exists. GOD SAVE INDIA.
true
Jingoism saved BJP.
I'm impressed with the demonetisation's result! Let's do it again! haha
Abhinav Tyagi yeah it's been easy for you to say because you live in city, where you get internet connectivity, you have known net banking, credit or debit cards and online payments and may be you haven't visited the rural areas and what it takes to survive a family without cash or mere cash during rabbi harvest season and at the same time when you think you might get cash of kharif harvest season but you don't get the amount just because of the one policy..
Thats not problem that some people like you don't know this but the real issue is you don't want to understand.
To implement such initiatives you need to create base first, so pehele Sab ko sath lo cashless kaise hona hai batao sure Baadme cashless karo..
Expecting an extraordinary outcome out of a stupid idea is "betting" not
governance, Modi has committed a huge blunder in the name of fighting
black money looks like his credentials of having been just a "tea
seller" will prove him very costly this time when he goes out seeking
votes, now that everyone is cursing this stupid move which makes no
sense at all when one does the cost benefit analysis of swapping of old
currencies with the new ones modi is trying his level best to pedal
lies that this move will put an end to terrorism and fake money , ....
ha ha ha ha ha .....Who on earth advised him that cashless economy means
no black money and who told him that even if all the cash comes into
the banking system it is a good thing because now all that cash will get
accounted ... How stupid, how does that prevent that money from turning
into black again, to start with every rupee that is deemed as black
money became black after having gone through the banking system, ... yes
using e-wallets will help in curbing the petty corruption but that does
not require the government to push the entire economy into an abyss
through a stupid exercise called "demonetization" to make people start
using e-wallets, its like setting fire to the house to kill a few
cockroaches, e-wallets will never be able to eliminate the gray money
which is what leads to the creation of black wealth, creation of gray
money can only be handled if the authorities have the gumption to take
action against panama account holders for which i guess Modi needs to
give his nod which i am sure he wont at any cost ... so the ultimate
fools are the people of this country who are standing in the Q.
Sanity Check I do respect the post they occupy. prime minister Modi decided demonetisation with out understanding or preemptively to address rhe people as if he is the one who can deliver good things
in reality it is not denyi g the fact that he he has good oratorial ability than hos opponents. indian people expecting and languishing that any one who advances eradication of black money as an orbinger of mankind. in reality Mr. Modi neither a samaritan nor has sincere heart to eradicate corruption. if he or BJP sincere in their aim in the padt two years they would have brought measures into work to end corruption by govt servants. politicians plundet with the connivance of executives- govt employees resources of the country therebty contributing for blck money. in turn having assisted the govt servants earn and invest more black money. the people atleast have right and opportunity to admonish politicians once in five years. But ironically all along guiding the politicians namely the govt servants cannot be at any point of time be punished or removed from their position . There is no sincete effort by any govt to contain or to put in the right path of the govt servants. the people who study in private medical colleges mostly from the source of people who are thriving and fostering black money. why the govt cannot check the the individual students their background and how mucjh they paid as capitation fee. the govt has the capabilty and man power to do this. but still they do mot do it because again all the individuals to do the business are govr servants. every body knows that majority of our mps an d mlas are corrupt people. Did the demonetisation bring any of the Mlas and mps under the scanner.
However qhen i appreciate action against a few individual politicians wiyh the aim to gain political mileage why the govt did not take to reviewthe wealth of all mlas and mps councillors in all the states to check their source of income and whatever they declare legitimate or not . why the govt in the past 2 and half years dis not bring a legislation to speed up process to punish politicians who are already under the scanner of various courts.
As the noble laurate discussed there is no sincere and honest aim in the policy of Mr. Modi to eradicate corruption.
It is the wush of every honest induan citizen to expect for a sincere govt to help the poor and the have nots rather than to support people who are plunderibg the resources of this country.
What kind of rubbish you have typed ....internet is a funny place people
who have no idea about anything think they can get away with all the
nonsense they can spew online .....Man understand this thing first No
government in the free world has the right to tell its people that you
are not allowed to withdraw more than this amount of your money from
your bank no matter what, thats totally against the tenets of modern
financial system ... and no politician has the right to ask people to
suffer so that he can gain some political brownie points that's against
the tenets of democracy ....so now It is believed that Of the total
Black money only 5% of it is in cash .... do you know whats the cash to
GDP ratio of Brazil its around 3 % way lesser than India's 13% but it
ranks along with India in corruption, if you had known a little bit
about macro economics you wouldn't even have dared to reply to my
comment, since you are some fool you went ahead with your foolishness
... ha ha ha .....So Now do you see what a big fool modi is, Modi has
burned the entire house to kill a few cockroaches and a few fool's who
know nothing about economics are dancing around the fire not realizing
that its their house too ... Black Money can be eliminated only through
Proper enforcement of tax laws and annihilating impractical taxation
policies neither of which Modi has not done, Action against offshore
accounts with illegitimate income followed by a comprehensive deployment
of new notes with advanced security features over a period of time
would have been the right and precise way to tackle the accumulated
black money as well as its generation ...?.. Whatever black money that
has been
unearthed is due to the enforcement of law and not because of
demonetization you idiot .... if anything what this demonetization has
done is it has laundered all the black money that was in cash. fool's
like you should be thrown out of this universe.
Understand you are deeply hurt by Modi,s action and my understanding of it.
only a fool or a criminal who want to destroy Indian Economy will allow Rs500/1000 notes to the extent of 89% of money circulated in India.
No bank ever given my money to me on a Sunday in India or for that mater after office hours and no Govt. questioned them or stupids who talk of modern financial system questioned it. Inventing idiotic legalities to justify
ignorance of Governance is arrogant stupidity.
House is cleaned , entire money issued is almost back and getting whitewashed , taxes are increasing poor are getting benefits. The Looters plan of collapsing he banking system with NPAs created by them , failed in their design. Difficult for fools to know India is not Brazil or Macro Economics is not submit to fear created by looters.
Even a Chai wallah in India know Modi can not control foreign bank account specially when looters ruled this country had enough time legalize it. Major black money in foreign account was encashed by open clean re- auctioning of 2G and Coal blocks , the looters who stored money abroad ran to return the loot, when the Chai wallah filled Indian coffers with white money without spending anything on foreign litigation.
Understand India, Indians, and Mr. Modi before commenting on serious issues. your rants clearly shows you need to re-attend school and stop listing to the hate filled old unfit who encashed Indian poverty ,Noble price lost its merit.
Sir , please tell us what is the solution
Sir , please tell us what is the solution
Looking at this interview now on 14 December 2020 now its seems that the way Nobel laureate Dr. Amatya Sen had analysed the situation is today also true because, federalism is in shambles, unilateral decisions are being made, which are proving harmful to a common man, no corruption charges have been brought against Ambanis and Adanis.
Fabulous interview! Excellent ideas & possible repercussions were emphatically expressed!
Don't always make your mind for any side. It's my request to all the people of India that please have patience to listen things, even if you support BJP or another party.
We all people believe in Modi and that's his responsibility to retain this status. Although this move is moving to be more loss than any gain.
Words came true in 2020.
You should analyze things in our India China and INDO Pak border and all round infrastructure like national highways, ports,bridges and such other development.During the erstwhile govt did several scans during their regime.The inflation was manifold and people badly suffering PM of that period used to say 'I don't have magic wand to contain the everincresing price rise. Lot of changes are taking place in social sector and many other sectors
Ab kahan hain woh bhakt jo Amartya Sen aur Dr.MMS jaise great economists ko bhi galat thehra rahe the..Unko kya gobar gas soongh gaya kya?
Amartya Sen Very Brilliant And Great Person.
Yes ran away with his best friends wife.
karan you need to interview same in hindi too to reach out to those who makes BJP win( which is in majority)
Honourable magnanimity person Amartya sen sir is totally right
"Anything good that has happened due to demonitization are due to other factors and its not worth the pain."- The whole interview, sometimes intellectuals like amartya sen should rise above ideological and hate for a person.
Mrigank sinha say that now
He was completely right. That's why we should give importance to a highly educated person's opinion.
Thapar always trying to put words in others mouth. Sen has an independent mind.
That's how journalism works buddy
@@harveyspecter1855 In India. India's Press Freedom rank is now 142.
Hello, Mr Anchor. Can you ask him about Bengal's economy? He was fully supporting CPIM's economy in 90's which has put us debt of 2 lakh crore. He also predicted in 1991 that Liberalization of Indian Economy will hurt middle class. What is his view now?
I love this man!
Was it interview or interrogation ! In contrast very interesting.
we need objective assessment of policy
He has given some credit to modi and jaitley by saying we are dealing with intelligent people.
Thapar already made the statement of Black money is in form of real estate/gold/foreign exchange which is similar to RBI director's MOM
I believe that demonetisation was for bank recapitalization and to control inflation
Amartya Sen love you the great man
I wish the government should have some credible practising economists in their backyard, unlike the present bunch of epic translators and sychophants who long abandoned the pursuit of economic scholarship. Perhaps this is the best they can muster.
86000Cr is 0.57% of India's GDP;#Demonetisation alone is expected to widen tax base by 0.6-1% of GDP,#GST to add addnl 2% to GDP;#Modinomics
Leave, poor people feeling rich elite getting the pinch from this demonetization!
My brother-in-law with more than a crore in assets believes it['s] works/working.
1% people are paying taxes. With majority of the money coming to bank, this will definitely increase.
im in favour of demonitisation because this stuation bring back huge sum of currency in the system which was important of all i couldnot understand why these peoples are not looking at the reaction of common man who never come to road and still supporting demonitisation very few of them say against except so called intellectuals...if the peoples are dying of hunger they would have come out on street.last but not the least banksgoing to manage that cash in form of loans and defenitely in coming future industrial growth and jobs will be floded in the market which will have long benefit on the economy.i dont believe amriyasen or any other intellectual who work on books not on ground level.
wonder, don't know what happend & comment like grate
world famous econmist with a mind set
UDAYA KUMAR :)
Generation of black money in say "B" real estate, gold, foreign banks) is a function of black money held in cash "C", B = C^N, where N is greater than one.
Demonetisations 🤔 💭 🤔 = Democracy Employable Medicare Organizations Nutritional Entrepreneurial Tribunals Intrapreneur Shareholderships Atmosphere Technology Infrastructure Outstanding News Superstructure
There may be a lot more fake Rs100. It might a lot more worthwhile to kill this denomination.
Best economist as they call themselves are excellent academicians but fail to improve India's condition.
Amartya Sen is not India's Finance Minister.
Economists are not politicians. If you're going to blame them, blame the politicians. They give the best advice after days of extensive research and analysing datas that nobody could do. The rest goes to the Politicians who implements them or not
I get it .....demonetization , confrontational jounalism, macro economical overview, leading delusion of cashless economy .............But .............. .PINK BOW.
ye interview lera hai ya isse abtara hai le ab mene bol dia tu isse hi repeat karde.
Amartya sen sounds and being very diplomatic and not giving clear and true information.
guys pls stop saying thapar is a congress chamcha....i dont understand how this worshipping modi will take us
modis time gone
Ambar Dhara Haha
What this man sain then reality of today a gigantic mistake.
our country got a jaahil pm
Pada likha aur jahil ek jaisa nahi hota modi ji
ye mamata ka tattu hai
Husband of a rothschild, father of all traitors and a lunatic, Amartya Sen, the pride of colonised Bengal. And I din't see the comment section but many would surely defend him by using the Nobel Laureate card. Intellectual slaves.
I am from Bengal. That's why I know a mole when I see one.
this ah of so called economist has come totally unprepared and puts argues vaguely on the failure with out understanding the Indian psyche & Indian economy.
I wonder how come the great Noble awardee has no solution
Why don't you just agree that demonetization was a blunder😒. Defending modi all the time isn't going to benefit you or even the country. He might've done some good things but demonetization was definitely a bad idea. Fastest growing economy has slowed down drastically
Karan Thapar, do you want to money to colour ur hair?
Leutient Presstitute Karan as usual!!
both dont have sense of the pulse of Indian Economy , their personal choice has hijacked their knowledge of subject which is actually a bookish
Amartya Sen is too old to understand all these.
two blunders don't believe in creativity are appreciating to each other
amartya sen is namo enimy and thapar is congi chamcha ,why waste time with these rascals. they will never see any thing good.
atleast have the patience to listen
Bhairab Kandpal you are the one wasting time by commenting here.
bhairal and u r chuthiyaa
Chutiya hai kya re
Amartya sen married a Rothschild, ask him how it is to get laid with an Britisher. That asshole is married with an luciferian , practicing satanism. And bringing bad luck to india and its neighbouring countries.
Mr Amertiasen is not a field worker. He knows little.
both thinks they are expert ,,, lol
Demonetization is evil since only 6% of black money is in cash. What a stupid perspective presented by two so called intellectuals. As if 'black' jewellery is purchased through credit/ debit card. Who gave this man Nobel prize? Demonetisation makes Indian economy formal, reliable for investment. It is meant to seal the loopholes for production of black money. What we should really measure is how much demonetisation helped in prevention of black money generation.
This guy does not look bright, he himself has no facts and all responses were shaky....
Prakash Heda tera bahut knowledge hai
Its 6 years down this interview ! as a hind site what we make out of the situation ? . Usually not every body is privy to most guarded secrets of nation and its economy ; but as more information trickles out to the public domain - Involvement of the printing press "De la rue" - a british plc ( in-spite of the fact India having its own ability to print currency notes) involvement of India's the then politicians in printing parallel series of currencies, involvement of foreign country to lever this facts to their own favor and at the detrimental cost to India's economy ( CAD/ Inflation etc). Now , that the notes came back to RBI ( amounting little more than official records of prints - even then discovery of stacks of High value notes kept here and there ). After the covid situation / tornado , India's (CAD / Inflation) economic situation is certainly not bad, also the gentleman's own conduct vis a vis management of an entrusted Indian university forces common people to conclude that hadvad / axford ( anglo saxon institutions ) intellectuals are in general perfidious in nature , and NOT to be TRUSTED at the face value and, that ' if you guys are smarter than a "prize" winner then you guys are appalling'.😉
Most likely over 17 or 18 lakh crore has come back in old notes...thats why RBI is not disclosing the total amount thats come back and also the reason they stopped accepting old notes...total fuck up...going to screw the economy if this happens.