Subbarao is no longer a one-handed economist
April 17, 2012  11:37

Details awaited on the judicial commission report on Adarsh.

 

Firstpost.com on the rate cut: Former US President Harry Truman famously said that he yearned for the services of a "one-handed economist' because all his economists were given to ambiguous "on the one hand ... on the other hand" equivocation.

Up until now, RBI governor D Subbarao has shown himself up to be just such a "one-handed economist'. An inflation hawk, he never wavered from the goal of taming inflation, even though he came under immense political pressure to start easing rates in order to stimulate growth, which has slipped into a lower orbit.

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