other / likes
Indian food
“[laughs] Far be it for me to say it has the best food, but I like Indian food.”
Public evidence record
Published podcast speaker
Books, apps, and tools
other / likes
“[laughs] Far be it for me to say it has the best food, but I like Indian food.”
Claim ledger
30 transcript-backed records
01 / recommendation
“[laughs] Far be it for me to say it has the best food, but I like Indian food.”
02 / belief
“I think what happens is, more than institutions is the political environment in which these institutions are created that matters.”
03 / belief
“The villages, by and large, are self-governing, have been self-governing for many, many decades. But I think what you really need is, over and above that, you need the funding that accumulates at the center, or the state level, to come down to the community level, so they can decide what kinds of irrigation projects, for example, that they need.”
04 / belief
“Carter’s not a popular president in the United States, but the kind of introspection that he did in public, I think, was useful for the rest of the world to know that the United States was actually morally on the right path.”
05 / belief
“I do think that increasing the notion of corporations as being a variety of fixed-claim holders and the shareholders of the residual claimants, which is what led Friedman to propose shareholder value maximization as a principle — I think that’s being challenged.”
06 / belief
“I think there is a reasonable . . . We found a balance. Every country has to find that balance between regional power and central power.”
07 / belief
“Amitav Ghosh has written a nice trilogy on immigration, which I think is very sensible and very interesting.”
08 / belief
“I would say that there are two big issues. One, of course, is the domination of industry after industry by a few firms.”
09 / belief
“I think we can find smoother ways of actually getting people to use new payment systems than just eliminating the money overnight.”
10 / prediction
“Once we reach middle income, to grow further, I think we need an intellectual openness, which only the kind of democracy we have — the open dialogue, a respectful dialogue — will generate the kinds of innovative forces that will take us more to the frontier.”
11 / belief
“I think the recapitalization of the banks and increasing the capital requirements was generally a good thing.”
12 / belief
“I would say that modern business operates in a mix of both arm’s-length contracts, as well as relationships that fill the gaps in these contracts.”
13 / belief
“I think that’s what we have a big debate about — whether US corporations are, in fact, managed better than corporations in other countries.”
14 / belief
“I think we need to keep exploring what’s really going on and trying to understand.”
15 / belief
“We have many of the same problems that we talk about in industrial countries — too few people educated at the levels that the economy needs. But that said, I would say there are very low-hanging fruit in India, which if we pluck, we can generate 9, 10 percent growth for the next 10, 15 years that would get us firmly into middle income.”
16 / commitment
“I think we will have a combination of the guys who are truly good at software — the fintech companies — merging with banks who know how to do the financial side.”
17 / belief
“I think you need both. Look, face to face in my class — when I look at a student and they’re not prepared, they feel a sense of embarrassment.”
18 / belief
“I think you have to worry about that. We might, if the local communities’ abilities to enact sort of zoning laws were not tempered in some way by the other two pillars that I talk about in the book, the state and markets.”
19 / belief
“I think that basically forces a bank to stay on the straight and narrow to the extent possible.”
20 / evaluation
“I’m just saying that, for me, it’s a mystery how these concepts translate to the common person, whose expectations we care about, unless you think they don’t matter, and who we are communicating to are largely the union bosses, are largely the analysts on the street.”
21 / evaluation
“What closes the bank is when the large guys — the guys who have 5, 10 million in the bank, who are monitoring the bank on a daily basis because they operate in the commercial paper markets, the hedge funds, the big mutual funds — they’re the guys who start taking the money out quickly, as soon as there is a whiff of trouble about the bank.”
22 / prediction
“No, I believe very much that crony capitalism is really the danger for any economy because it not only constrains economic growth, but I also think it limits political freedom.”
23 / prediction
“Longer run, I think, as an important thrust, an important international responsibility of the Chinese, this is an important step forward.”
24 / prediction
“Yet we focus on them because, ultimately, we think changing those expectations matters.”
25 / evaluation
“I would say that we’ve had a government over the last five years which has elements of the majoritarian, Hindu nationalist group in it. But I would argue the country, as a whole, is still firmly secular, liberal in the Nehruvian idea, which is that we need a country which is open to different religions, to different ethnicities, to different beliefs if we are to stay together.”
26 / preference
“There are some people who prefer the anonymous existence of the city. And there are some people who come back from the city, back to the community because they like the sense of identity that it provides.”
27 / evaluation
“Because they can traverse locked doors, they can communicate with each other, they can do social events together, and it works a lot better.”
28 / evaluation
“I would say that to some extent, the structure we created has stood us well. And this is where I go back to the democracy.”
29 / evaluation
“I think that, at least in the way that it has grown, it has actually created more reaction than a greater sense of community.”
30 / evaluation
“I think one of the things they’ve done very well is have pretty strong, in fact impenetrable, business regulation around — that’s not a recommended path, but what they’ve done is empowered the local government officials to essentially work with those regulations and open them up for local businesses.”