[8/23, 3:20 PM] Garg Ravi: prices ,
do not go up .
axiom no 5.
only
the purchasing power of currency goes down .
Currency ,- eg rupee / Dollar ..as a measure of price ,
is like ruler made of compressible rubber .
if I measure height of my house using today s ruler ,
the height maybe is 10 feet ( ten lakhs )
after an year , the people group G , who profit in financial sector due speculation in asset price increases ,
these G people steal away purchasing power from rest of society without any real contribution ,
Also more loan money starts floating around on the economy due legal greed based activities of group G .
Thus the purchasing power of each rupees drops , same as saying the rubber ruler becomes shorter ,
to novices , it serms that house has become 12 feet high ,
when actually the new ruler is now equal to old say ten inches only .
Imp .
In current system , buying power is being stolen away every year at rate between ten to thirty percent , thus the prices seem higher in currency terms .
So what to do ?
yes it is cause for concern .
if I need rs 20 k for my groceries this month ,
in 2025 ,I ll need rs 80 k per mo.
in 2035, I'll need rs 320k per month for same bag of groceries .
Solution...
1... let us join the group G who legally steals purchasing power , with nominal work or risk , from other sections of society .
2....ha ha there is no other plan B ha ha .( become a Govt. employee with inflation based pension ... eg eco faculty in IiM s here there - just make sure that you do not teach real economics !)
[8/23, 3:36 PM] Garg Ravi: Dear Anup , Jayaram ,et al ,
Pl schedule Skype talks with me , with permission to record them ,all to be shown to you first , and then to be loaded onto YouTube TV etc after your express permission .
In these Skype sessions of length 2 to say 10 to 30 mins . you may ask me to back up and explain , whatever .
In trying to explain and justify eco concepts to you , we shall be able to demonstrate the future problems of inflation in India due , increase in Exports or due increased FDI . Also , a few ideas for a different path for the world , and for you and me to create income rapidly , ( other than through YouTube lectures ).
ravigarg1@yahoo
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