Is Our Monetary Policy "Sound"?
Published in Business Line on Jan 11, 2007
Central Bankers the world over talk tough about Inflation. But their track record in controlling inflation pretty much deserves an "F". The ironic issue is that the world economy was indeed operating with 0% inflation before the Central Banks were created to formulate "Monetary Policy".
One small addition to the article today. I had stated that Gold prices are undervalued by a factor of ten in that article. The reasoning for that is there in the article titled "On Gold Prices and US Interest Rates" published on Nov 09, 2006
posted by Shanmuganathan N @ 8:13 PM
1 comments
1 Comments:
Sir,
I read this article and can’t find words to describe how excellent it is. It made a strong impact on me. I read this excellent article and let me take some time to come out of it’s impact to make any comments. At the same time, I am very much pained with you for not writing these types of articles very often, to educate people regarding their standards of living.
Thanking you,
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