Not very long back.
Idiotic policies of this government has landed us to this situation. All the economic policies of this government have been failures.
Fortunately, world has not collapsed yet. Imagine 2008 like global meltdown, we will be in tremendous soup, unheard and unimagined before.
Unfair comparison of inflation and real GDP growth. One should show nominal growth and inflation. Then one could infer that while nominal growth has not changed, inflation is eating into real growth.
I think the whole argument is not correct. In my view, nominal growth minus inflation should be the real GDP growth and not the vice versa. You don’t add inflation to GDP growth and arrive at nominal growth figures. It is always nominal growth minus inflation.
3 replies on “The Good Old Days”
Not very long back.
Idiotic policies of this government has landed us to this situation. All the economic policies of this government have been failures.
Fortunately, world has not collapsed yet. Imagine 2008 like global meltdown, we will be in tremendous soup, unheard and unimagined before.
Unfair comparison of inflation and real GDP growth. One should show nominal growth and inflation. Then one could infer that while nominal growth has not changed, inflation is eating into real growth.
I think the whole argument is not correct. In my view, nominal growth minus inflation should be the real GDP growth and not the vice versa. You don’t add inflation to GDP growth and arrive at nominal growth figures. It is always nominal growth minus inflation.