As everyone knows, the cost of food and energy is at record highs, creating economic distress for millions of working families in … and around the globe,” …. said. “At home, rising food and gasoline prices put a real and immediate strain on family budgets. And overseas, the consequences are even more dire. My own conclusion is that index speculators are responsible for a big part of the commodity price increases, and we …. ought to do the best we can to protect the public interest in an effort to bring food and energy prices down
I am sure most would say this is coming from some policymaker/politician in an emerging economy. But this comes from USA and these are words from Homeland Security and Governmental Affairs Committee Chairman – Joe Lieberman.
I read sometime back a post doing a similar kind of comparison. The words were from Zimbabwe’s Central bank but to the writer it appeared as if they were from India’s Central Bank! I mean you can’t compare India to Zimbabwe.
I keep reading the words of various experts on how ineffective India’s policies are and how good the west is. To me all looks pretty much the same. Policymaking is a tough job and usually comes with dilemmatic choices. It is not as easy as it is made out to be.