Professor Kaushik Basu of Cornell University has been appointed chief economic advisor to The Chacha State. This probably means the end of his HT columns, which is unfortunate, because he exposes himself in these. I have blogged on his columns twice before, criticizing his Marxist leanings here and his poor understanding of what holds back India’s poor here.
Mint has just published an interview with Basu, but I daresay he leaves out more than he says. One particular answer is worth recording in full. When asked about food price inflation, Basu replied, “This is NOT caused by our monetary or fiscal policies.”
I think we should never trust what the personnel of The Chacha State say. They flatter to deceive.
Anyway, keep this in mind. As they “stimulate” the economy with more and more printed paper money and easy credit, inflation will rise. Then only will it be known what the cause of this deadly disease is – central banksters.
Nothing much else that Basu had to say in this long interview. Read the full text here.
Over now to Ramesh Srivats’ new blog, where he has an excellent post on the new “religion of environmentalism.”
Yeah, they have a “god” – nature.
They have a “priestly class” – the scientists who understand their god perfectly, and can tell its moods.
They have a “fear” of hell breaking out if their priests and their gods are not kept happy.
They have “sacrifices” of current comforts to appease their gods and priests. Srivats goes on and on…
Read the full post here.
Srivats links to two speeches by Michael Crichton, and these make for excellent reading. I particularly liked “Environmentalism as Religion” – here.
So we must conclude that Chacha has chosen his advisors well. In Pachauri he has the High Priest of a new religion. In Basu he has yet another yes-man. How much can he achieve with these? That is the ultimate question.
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