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No one disputes the importance of inflation control. If the government has failed in fiscal control, should ordinary people be punished for it. Housing loan EMI has become unbearable. In addtion to increased prices for all consumer items from cooking gas to vegetables, we have to pay high EMIs. Should we sell our houses, repay the loans and shift to some unauthorised slum! There is a saying in my language'if you lose in the market, go and blame your mother for it'. Should government's failure be blamed on people.
By S.K.Nair at this article on the inability of the government or the RBI (Reserve Bank of India) to control rampant inflation and on the impending interest rate hikes.
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