Monday, December 8, 2008

Economists Vested Interests

Crisis of understanding of economics and Arvind Panagariya’s bad economics. 

Why “Thanks to the former RBI governor, Dr Y V Reddy, India almost entirely escaped the devastation of the financial sector wrought by the crisis in countries such as Korea. The finance ministry, while paralysed on numerous urgent Main Street reforms, has been actively pushing for deregulation in the financial sector”. If India was escaped why the folly is giving stimulus package to boost the economy? 

Keeping interest rate highest in the world is the great achievement by Y V Reddy!

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