What FM will like to do is only the FM knows. I am saying that, if he wants to dismantle RBI and take over the control of money printing in his own hands then we should not stop him. Everyone right now is venerating the RBI and portraying as if it is some mythical autonomous institution that is the savior of the Indian economy. Nothing can be further from the truth. It is one institution that has done immense damage to the Indian economy. It must be exposed. It must be the main target of all people who love this country. I am saying that, instead of RBI if government directly prints rupees then it will be relatively better than RBI doing it indirectly in any case. Government will be much more constrained. And most importantly, as I said in the article too, we can finally get rid of the business cycle which results because of RBI interest rate manipulation.

I doubt any government can pull Zimbabwe here. Politicians love to get elected and reelected so the chances of Zimbabwe happening in India is very slim. Again, what is possible and impossible I am not discussing in my article. I am just presenting the alternative scenario.