Inflation - Rocky Years Ahead
PUBLISHED IN "INDUSTRIAL ECONOMIST" - AUG 2008
Explaining why Inflation is going to stay in double-digits for the foreseeable future. In fact, I find it surprising that Dr.Reddy is saying that "his analysis" indicates that inflation will moderate over the next 6 months.
Well, his "analysis" did not predict double-digit inflation, his "analysis" did not predict rising food and energy prices etc. So what is the reason why his "analysis" will be correct this time around when it has been consistently wrong all along?
posted by Shanmuganathan N @ 9:48 PM
1 comments
1 Comments:
That's because Govt is the only institution whose probability of success increases with every additional instance of failure. :)
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