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The economist speaks

Source : BUSINESS_STANDARD
Last Updated: Sat, Dec 08, 2012 18:55 hrs

pDo not be misled Prime Minister Manmohan Singh&rsquos stolid expression and glazed eyes don&rsquot mean he is not listening to the debate He&rsquos all there quietly digesting everything that&rsquos being said During the debate on foreign direct investment FDI in retail in the Rajya Sabha it was the prime minister in alligator mode that took even the suave Member of Parliament N K Singh aback N K Singh while defending his position that FDI was bad for the country said when someone asked economist John Galbraith to explain why he changed his mind about something he replied &ldquoWhen the facts change I change my mind What do you do Sir&rdquoppN K Singh would have rattled on but was stopped when the prime minister remonstrated with him &ldquoIt was not Galbraith but John Maynard Keynes&rdquo the PM saidpp&ldquoHow can I argue with someone of your eminence&rdquo N K Singh concededp


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