...........The key to all of Rajan is that he is from University of Chicago. And you have got to remember that Chicago economics is all about the relationship between the economic actions and the information that you have about the future. And Rajan’s policies have been designed to try and talk down what you think inflation will be 12-24 months from now. That’s what inflation targeting debate is all about. If you think an ex-professor of Chicago is talking, you understand exactly what he is up to............
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