Inflation is the orphaned child of money. It has not been adopted by anyone so far and lacks culture and etiquette needed to become part of civil society. It's parent, apparently money who conceived it in unreasonable ecstasy and joy, abandoned it to be a wife of power in the society. The orphaned child takes unchartered journey in highly underscored manner. Its journey intends to inflict injury to the civilised society that hated him very much since being conceived and equally on his mother who abandoned him. The wrath of inflation results in decline in his mother's value, namely, money. However, course of its actions and its trajectory hurts the poor and vulnerable unreasonably in comparison to rich and powerful who owns & comnands his mother. This period of wrath further results in landlord, bankers & lenders, fixed income earners loses while tenants, debtors and speculators stands to gain. The policy makers try to a pacify the aggrieved and orphaned child but f
Where is my job? Every economy is required to maintain the full employment level of resources but very often economies fail to achieve it. The most common reasons are policy lacunae from Government. But what is unheard off is that irrational choices is the number one reason to name.This seems ridiculous at first site because economists assume rationality to prevail everywhere. But just think off a bureaucrat who lacks formal training in economics but is always tasked with preparing the draft of Government's proposed legislation/policy framework on creating employment in economy. The bureaucrat's lack of knowledge often reflects in the policy lacunae that governments make. The first one is that bureaucrat does not believe in power of market to allocate resources, including human capital, to various sectors/activities in efficient way and rather has firm belief that government's bureaucratic mechanism is the most efficient one for such task. This irrational belief is re