Counterfeit Money (or Taking The Fight Back To The Dogs...)
There was a study released by CRISIL in 2011 that stated that Indians spent Rs.5.8 lakh crores extra between between 2008 and 2011 because inflation had been higher than the targeted 5%. that we spent 5.8 lakh crores more than we would have spent if inflation had been at 5%. [8] That means for the same amount of goods and services, we had to shell out an additional 5.68 lakh crores. This was because of inflation higher than 5% by 3 percentage points. Imagine how much the figure would have been if inflation had been taken zero. But.....how did we, the citizens of India, manage to shell out 5.8 lakh crores collectively in order to buy our goods and services? Where did we get this money from? Did we remove it from our savings and if so, then our savings must have substantially come down now. But that doesn't seem to be the case . Certainly the amount of money in circulation is rapidly increasing. More and more people are earning more in a month than their fathers did in a...