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EcoManifesto: Government Should Cut Size And Earn Money Selling Assets

As part of our EcoManifesto series we bring you the second edition: How should the government earn money? We’ve already said that we should cut tax rates and ...

The Best Explanation of BitCoin, And All Financial Products

This is why because after this, you will never, ever, ask what BitCoin is. Replace BitCoin with “Insurance plan”, “Structured Product”, “Elliott Wave ...
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How Do You Calculate “Contribution” of any item to Inflation?

Technical note: How do you see the contribution of any individual element to inflation? Assume we have two items, A and B, which are priced at Rs. 100 each, ...

Why Food Inflation Haunts Us, And What We Can Do To Fix It

RBI’s Raghuram Rajan has described why food inflation continues to haunt our inflation expectations over the last few years. Here’s what he says, distilled ...

Why is Controlling Inflation More Important Than Short-Term Growth Worries? Rajan Answers.

This is going to be a long essay. RBI Governor Raghuram Rajan has a brilliant explanation of why Inflation is more important to worry about than short-term ...

Macronomics: Bringing a Nuclear Missile to a Gun Fight, and Other Tales of QE

For Capital Mind Premium subscribers only, sent on 24 Feb 2014. This piece introduces Rohit Shenoy, who’ll talk to us today about the Quantitative Easing ...

It’s Not Their Fault, It’s Ours. (On Rajan’s Blaming Western Monetary Pullbacks)

“International Monetary Cooperation has broken down”, says Rajan, the head of the Indian Reserve Bank, which has been fighting inflation, the falling ...

Quick Note: 9000% Dividend Means Nothing

Arjun pointed me to this article: 9000% Dividend by Tamilnad Mercantile Bank. Hold your breath shareholders! Tamilnad Mercantile Bank (TMB) has declared an ...

Brazil Fights Inflation With Crazy Rate Hikes; Shouldn’t India Do So Too?

The Brazilian Real has fallen 18% in the last year, from 2 to the USD to 2.36, and the recent recovery has reversed almost completely since October. On ...

What Are Forex Reserves?

We keep talking about our “Forex Reserves” and worry if they fall from $300 billion to $290 billion, as if some politician just enriched their pockets by ...