Monday, June 17, 2013

A refreshing contrarian

.....It is reassuring that the Governor of the RBI has been lobbying the case for the poor man. He has pointed out more than once the regressive nature of price rise as a tax on the aam aadmi as the raison d’etre for his monetary stance. The nation is grateful to him for his lonely walk on the path of disinflation. He is doing to India what Paul Volcker did to the US in the 1970s and 1980s.......

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