I joined Maurice Jackson of Proven and Probable to discuss India’s demonetization, the false narratives surrounding the policy, and why much of what is presented as economic reform is better understood as political theatre.

We discuss the damage caused by India’s currency ban, the role of fake news and propaganda in shaping public opinion, the suffering imposed on ordinary Indians, and why the crisis reveals deeper cultural, institutional, and economic problems.

Watch the full discussion below:

Key Takeaways

• Why India’s demonetization scheme caused widespread economic damage.
• How fake news and propaganda shaped public perception of the currency ban.
• Why demonetization failed to solve corruption or black money.
• How ordinary Indians and small businesses suffered from the policy.
• Why India’s monetary crisis reflects deeper cultural and institutional problems.
• How investors should think about political risk in India and other so-called emerging markets.