Tuesday, August 3, 2010

A headline foretold…

In The Economic times today: Inflation is on downward slide on RBI, Govt action: Meena

‎I really, really don’t like doing this but statements like these just leave me fuming. Back in March when inflation was high(er), I wrote that it would reduce, but purely due to statistical reasons. I also mentioned that it would be accompanied with almost everyone who can, falling over themselves to claim credit for this statistical happening. What amazes me about the statement above is not that it was made, but made when inflation hasn’t even reduced by all that much.

The least our politicians and bureaucrats can do is wait till what they are claiming credit for actually occurs, especially when they have nothing to do with it.

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