{"id":5671,"date":"2007-04-24T15:15:00","date_gmt":"2007-04-24T09:45:00","guid":{"rendered":"https:\/\/www.indiauncut.com\/?p=869"},"modified":"2007-04-24T15:15:00","modified_gmt":"2007-04-24T09:45:00","slug":"understanding-inflation","status":"publish","type":"post","link":"https:\/\/indiauncut.com\/understanding-inflation\/","title":{"rendered":"Understanding inflation"},"content":{"rendered":"
If you have a few minutes, and the slightest interest in the subject, I urge you to read Sumeet Kulkarni’s excellent post, “Inflation for dummies – by a dummy<\/a>.” It explains, among other things, why “inflation is a tax which we pay equally, independent of our income,” how Indian’s export successes are subsidized by “you and every Indian citizen – including the poorest,” and why “export-import balance” is a meaningless term. <\/p>\n (Link via email from Gaurav Sabnis<\/a>.)<\/p>\n","protected":false},"excerpt":{"rendered":" If you have a few minutes, and the slightest interest in the subject, I urge you to read Sumeet Kulkarni’s excellent post, “Inflation for dummies – by a dummy<\/a>.” It explains, among other things, why “inflation is a tax which we pay equally, independent of our income,” how Indian’s export successes are subsidized by “you and every Indian citizen – including the poorest,” and why “export-import balance” is a meaningless term. <\/p>\n