Business Standard

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

Image

Deepak Lal New Delhi

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

Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

Don't miss the most important news and views of the day. Get them on our Telegram channel

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

Explore News