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Regulations will lead to more problems
by TongInChic on Apr 01, 2008 08:30 AM

I suppose some sort of short term measures were required. It is in line with what some other countries have already done.

But in the medium and long term, any time regulations are imposed, there will be lots of people out to make a quick buck.

Market economy works best when it is left alone to do its thing, with a little bit of tweaking to ensure that the rich nations do not take the poor for a ride.

On the other hand, unnecessary interference for any reason leads to trouble. A classic example is our Gandhian prohibition policy. A lot of bootleggers made serious money in those days.

How can we make growing food more interesting for the farmers? That is the key question.

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Govt unveils measures to fight inflation