Will Raghuram Rajan really listen to Raghuram Rajan?

........... So when Raghuram spoke about the need for “zero regulation”, I couldn’t have been more delighted. Here, at last, we had somebody from within the system advocating the supremacy of free markets, competition and market regulation as a means to growth and poverty reduction. Not many from the media picked up on this thread, but Raghuram Rajan really needs to be patted on the back for making such a bold observation. It’s rare to see this kind of intellectual honesty and courage within the state. In a system that is used to hand-picking advisors who will tell the government what they already believe in. Such an observation goes against deeply ingrained beliefs and is a very welcome change...........

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