Saturday, June 2, 2012

RBI worsens the UPA blow

If UPA’s populism wasn’t bad enough,
RBI’s misguided interest rate policy
finished off what growth was left

You raise rates galore, and what do you get;
The economy weaker, and deeper in debt;
I am the RBI, and I will do more;
Because I owe my soul to the monetarist store

(With apologies to Tennessee Ernie Ford, “Sixteen Tons”)

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