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Is COVID bringing back fear ?

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  W hich is more damaging to the world the "disease Covid " or "Fear of Covid " ? Human psyche is always to fear something we don't know, its historic, it has been repeated and we are living in it right now. World needs to come out of fear and stand on its toes and fight back ! The immediate reflex for a human mind is to seek protection from harm , in this case funny that it's a biological virus not even visible to our eyes. The below chart is an example of how much the fear has gripped  policy making. The daily Covid cases are used as a benchmark in deciphering meaning out of  the unemployment rate. Pandemic payrolls                                                                                                       ...
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  "Long years ago, we made a tryst with destiny; and now the time comes when we shall redeem our pledge, not wholly or in full measure, but very substantially. At the stroke of the midnight hour, when the world sleeps, India will awake to life and freedom."- Nehru. Happy 74th Independence Day .
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Demonetization 16 - Story of the biggest Economic reform and Execution failure

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Being i n  the middle of biggest economic reform India has seen in 65 years is exciting moment. A one liner summary to the article would be  "Definitely a bold economic  reform but the biggest policy execution failure in the "History of India". For the Martian reading this ! What happened ?  "Government of India Demonetized 1000 and 500 Rupee Notes which constituted 86 % of circulated currency ". What is the  problem with that after all the state can decide on its currency ? India is a cash intensive economy 90 % of all economic activity and transactions happens in cash.When you cut out 86 % of this currency you risk a big economic shock which can be even lead to an economic slowdown . India is still not  electronic payments friendly as only 25 %-35 %  of all banking transactions are electronic. RBI was very strict till now in  issuing electronic payments licenses and the volume of trade allowed electroni...
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