Laughter is the best medicine and here's the dose for today.
TOI breaks its own record and comes up with the stupidest piece ever :
Indians spent Rs 5.8L crore extra due to inflation in last 3 years
As if this wasn't enough, I was totally floored by the below comment :
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There is no need for an economist to understand the scenario or to provide suggestion. If only we could stop BPOs and Software companies we could have controlled inflation. The employees are in their twenties and they get highly paid. They just waste their money on electronics and clothing's. But yes the purchasing power increases and so the GDP is high. But due to the purchasing power the prices of things goes high. Which in fact is difficult for a common man. For example, a BPO employee can afford a rented house for Rs7000-10000 contrary to a regular employee. Cos of this a common man settles down for a low cost house. His living standard worsens if he is married. His children dont get good education and good schooling cos of high donation and fees. Our GDP and economic growth is high cos of the purchasing power of the few young BPO and software employees who dont know to spend money. And our stupid government and its policy fails to understand and tackle this simple thing. Our education system doesnt focus on farmers but computers. a day will come when One Thaali food will cost 1 lakh rs and there will be people who can buy that...lol... Its high time we realize that working in front of computers will gives as money for food but what if there is no food to available in the market....
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How do we even manage to produce such people?:-)
Edited to Add:
This just keeps getting better and better..
Another commentator,another solution :
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Inflation is in fact the biggest scam of government in collaboration with RBI. Inflation occurs only because of EXCESSIVE increase in printed Currency. Since Government/RBI prints huge amount of Currency in form of Rs500 and Rs1000 Notes, the currency in Market Increases but the commodities like grains, pulses, vegetables, milk etc, remains limited. As a result, the thing (Ghee) that one used to get for Rs100 per kilo is now available at Rs300 per Kilo. The Only Way to Reduce Inflation and than Deflation and similar Bubbles of Indian Economy is to Discard Government printed Currency and to ADOPT FOR GOLD STANDARD or Gold Standardized Currency. this is the only way for reducing GAP between Poor and Rich. However, Government will never agree for discarding government printed money and adopting for gold currency because if it do so, it will loose the strongest and best weapon to ROB poor and middle class Indians. According to a report shown on Zee News today, 72% of Indians uses Rs2, Rs5, Rs 10 and Rs100 note (everyday), while merely 12% use Rs500 note and only 2.4% use Rs1000 note every day. The remaining are those who often fail to use even a Rs 2 note. So why is Government adamant to keep printing more and more Rs500 and Rs1000 notes? In fact, Indians don't need any note. People will do much better with Gold Standard currency and it will solve Inflation problem too because Gold cannot be created or Inflated/increased.
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