The conversation between human and AI assistant.
Will demonetization of Rs. 500 & 1000 currency notes curb/eliminate corruption, black money and terrorism in India?
Can you tell me your thoughts on whether the demonetization of Rs. 500 and 1000 currency notes will curb/eliminate corruption, black money and terrorism in India?
From an economic perspective, demonetization can make it more difficult for people to operate on a cash-only basis, which could potentially reduce corruption and tax evasion. However, it is unclear whether or not demonetization will be effective in eliminating terrorism and other forms of crime as those activities can be financed by different means. It ultimately depends on how the policy is implemented and enforced.