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Free is the most expensive word in public policy, says CEA Anantha Nageswaran
Volatility, and not scarcity, is the new enemy of economic activity, CEA Anantha Nageswaran said here on Monday, pointing out to how a State like Tamil Nadu has seen both floods and draughts in the same year.
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economictimes.indiatimes.com
'Free is the most expensive word in public policy,' says CEA Nageswaran
Chief Economic Advisor V Anantha Nageswaran warned that offering utilities like water below cost undermines infrastructure, encourages waste and weakens investment. Speaking at…
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thehindubusinessline.com
Free is the most expensive word in public policy: CEA Nageswaran
Chief Economic Advisor Nageswaran warns that "free" services in public policy lead to economic destruction and long-term costs.
