Thursday, June 26, 2008

RBI=Thief who tries to escape a chasing crowd money by pointing “thief” at somebody ahead of him by Chandra

Quite good article but the point he made is unforgivable, in my understanding of Economics 101, there is no such thing as several hundred point basis to hike interest rates and CRR. What the nonsense he is talking?

"If RBI is interested in protecting the integrity of the currency, then it should hike the interest rates and the CRR by several hundred basis points"

My friend liberal economist use tell me "Economics professor's ideas never demise, mere their physical presence only demise" but on the streets of India on which man walk everyday in the route of prices, the natural order of Economics 101 is killed by every misunderstanding. Are you on these line? I do not know.

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