Hanoi rats, Goodhart’s law and the quality of our fiscal deficit4 min read 10 Jan 2021, 09:30 PM IST
India must change its accounting methods to capture the deficit correctly and end manipulation
In 1902, the city of Hanoi in Vietnam was ruled by the French and the wealthy parts of the city had a French-style sewer system. The sewer system had become a breeding ground for rats, leading to fears of the spread of a disease like the bubonic plague.
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