Demonetization: When 86% of India's Currency Disappeared (Gabriel Chodorow-Reich, Harvard)

Transcript

• [Gabriel] In November of 2016, the Prime Minister announced a policy to root out the black money. So overnight, 86% of the currency disappeared, and it took about eight months for them to print enough new notes to replace that currency. ♪ [music] ♪ The government of India was worried about a problem they called black money. And black money was... Read More