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<b>Deepak Lal:</b> The inflation scare

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Deepak Lal New Delhi
Last Updated : Jan 29 2013 | 12:59 AM IST

The fear that the recent rise in the inflation rate will scupper their chances of re-election has led the UPA government to blame the usual suspects: hoarders, monopolists, and of course, foreigners. So bring back discredited policies: raid hoarders, torment speculators and ban export of agricultural products. But raiding merchant's stocks and banning forward training merely short-circuits the inter-temporal smoothing mechanism

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First Published: May 20 2008 | 12:00 AM IST

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