Wednesday, July 07, 2010

on really dumb economics on display in india

jul 6th, 2010

inflation is the UPA's gift, as it were. of course, the intent is to keep india poor, so inflation is a good start.

barefoot, pregnant and in the kitchen, so to speak -- that is the prescription.

RajeevSrinivasa 
@AnishTripp
only 50%? i would have thought 95% of NREGA funds vanished into people's pockets. hmmm... someone's being inefficient somewhere
RajeevSrinivasa 
NREGA = national employment guarantee scheme for UPA party cadres. it is a brilliant success transferring taxpayer funds to party faithful
RajeevSrinivasa 
NREGA is a complete waste of money, as it is all being siphoned off. and now UPA wants URBAN employment guarantee! ie more Rs. for cadres!
RajeevSrinivasa 
not only daily wage earners, but fixed income people are struggling. UPA's answer: increase pensions, ie. release more inflation
RajeevSrinivasa 
inflation at 10+% makes a mockery of saving, with 7% pre-tax return. so UP makes people take on debt. like US, this will boomerang
RajeevSrinivasa 
oil price decontrol is not the key issue, it is utter economic mismanagement, gross corruption (eg. 2G spectrum), misallocation of funds.
RajeevSrinivasa 
why india has raging inflation: one-word answer is UPA. we could've predicted this, and i did predict it on rediff. 
http://bit.ly/...
RajeevSrinivasa 
not that i support bandhs, but ELM psec reasoning specious. food price inflation due to pay commission, NREGS giveaways (and poor rains)
RajeevSrinivasa 
ELM crocodile tears about how bandh caused poor to go hungry today. But UPA's 100% food inflation policy makes them go hungry every day!

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