Mises Wire
Author:
Carmen Elena Dorobăț
Online Publish Date:
Last week, India’s Prime Minister Narendra Modi banned from circulation the country’s two largest denomination banknotes, of 500 rupees ($7.50) and 1000 rupees ($15). The shocking move—kept secret and set to take place overnight—was intended to flush out the cash hoardings of black market participants and stop the corruption currently permeating