Inflation Targeting Rocks!| Episode 68 | Everything is Everything

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  • เผยแพร่เมื่อ 23 พ.ย. 2024

ความคิดเห็น • 39

  • @shreyasaadityaks2225
    @shreyasaadityaks2225 หลายเดือนก่อน +11

    My favourite part of this episode - 50:40 - 51:10 -
    Amit - " Do you want to look it up? 📱"
    Ajay - " I'm looking it up 🧠"
    Learning happens through retention and not taking the easy option out but thinking hard, mind mapping all the readings and interactions over years to trace back the exact quote is brilliant.
    Sometimes the hard way is the right way!

  • @arnabkundu3406
    @arnabkundu3406 หลายเดือนก่อน +7

    Thank you for your service Ajay. We got to know you through this podcast but there are so many other people who work hard behind the scenes to bring about these important changes which impacts the masses. So, thank you to all of you for your service.

  • @aditimascarenhas5608
    @aditimascarenhas5608 หลายเดือนก่อน +8

    Yall saying “prices” together is the cutest thing ever. Made my Friday.

    • @leakedzebra
      @leakedzebra หลายเดือนก่อน +1

      Sister

  • @nebber1234
    @nebber1234 หลายเดือนก่อน +8

    This is the best podcast in india.

  • @deepraj4249
    @deepraj4249 หลายเดือนก่อน +3

    An instant breeze of motivation moves through me, just listening to Ajay ji's infinite knowledge of economics, shall be easier to go back to studies now.

  • @AnandSUnni
    @AnandSUnni หลายเดือนก่อน +4

    I'm getting "Growth is the greatest God" on my tshirt! 😍

  • @racsh-zk7xo
    @racsh-zk7xo หลายเดือนก่อน +3

    WHOAHHH, why am I discovering this channel just today!! Need to catch up on the previous 67 episodes

  • @mamunurushankar3358
    @mamunurushankar3358 หลายเดือนก่อน +2

    Very nice!

  • @Gunther819
    @Gunther819 หลายเดือนก่อน +1

    I got to the point where i take notes in my notebook while watching your videos.
    I noticed the new logo of your channel it's good.

  • @whoisthis7820
    @whoisthis7820 หลายเดือนก่อน +5

    One question, Ajay mentioned that only Central Banks can create inflation. Can't Fractional reserve banking also create inflation? Changing reserve ratios can affect inflation also no? A 100% reserve ratio would reduce inflation too right?

    • @chetanpanchbhaiya
      @chetanpanchbhaiya หลายเดือนก่อน

      Yes Bitcoin monetary policy is based on that. Great thought

  • @bhatsanket
    @bhatsanket หลายเดือนก่อน

    So many insights! Really ty!

  • @sohamdas
    @sohamdas หลายเดือนก่อน +4

    Shout out to Nomsita and Vaishnav for the brilliant editing at the end!

  • @thriddas
    @thriddas หลายเดือนก่อน +1

    That's fascinating! Many govt contracts (including road toll tender prices) are benchmarks to wpi. TIL it's not got any consumption basis.

    • @ajayshah5705
      @ajayshah5705 หลายเดือนก่อน +1

      So e.g. the WPI steel subcomponent is well measured. But the overall WPI is some odd combination.

  • @user-ng5xr2ju2z
    @user-ng5xr2ju2z หลายเดือนก่อน +1

    1. Ajay sir, whats your opinion on the recent debate started by the Economic Survey on removing food component from CPI? The survey and a recent article by CEA does seem to make a compelling argument, especially considering the pro consumer and anti farmer bias of Indian policy
    2. Recommendations for readers-
    a) What went wrong with capitalism by Ruchir Sharma: will give a very good view of how central banks have gotten things wrong even in developed countries.
    b) Forks in the Road by C Rangarajan.

  • @AftabAlam-hy2ny
    @AftabAlam-hy2ny หลายเดือนก่อน +1

    Nice episode, Ajay and Amit.
    The implicit assumption, however, is that inflation is a demand-side problem. But what if inflation is caused purely by supply-side factors? Raising interest rates wouldn’t curb inflation, but it could depress growth, potentially leading to stagflation. Moreover, higher interest rates, without addressing the root causes of inflation, could disproportionately affect the poor by eroding real wages.
    I’d love to hear your views on this.

  • @ashishbhardwaj2003
    @ashishbhardwaj2003 หลายเดือนก่อน +4

    Inflation Targeting Rocks!
    References
    4:45 | The Economic Consequences of the Peace by John Maynard Keynes - Discussed in the context of National Wealth and its impact post-WWI.
    5:05 | Ep. 130 Demystifying GDP (The Seen and the Unseen) - A deep dive into the concept and measurement of GDP.
    19:30 | The Role of Monetary Policy by Milton Friedman - Explains why inflation control is critical to economic stability.
    22:40 | The Use of Knowledge in Society by Friedrich A. Hayek - The power of decentralized decision-making in economies.
    29:50 | How to Do Development (Everything is Everything Ep. 57) - Why economic growth is the ultimate key to development.
    30:50 | Public Choice Theory Explains SO MUCH (Everything is Everything Ep. 33) - The dangers of unchecked power in public policy.
    48:40 | The Long Road to Change (Everything is Everything Ep. 36) - How gradual policy changes shape society over time.
    58:25 | Ep. 355 The Life and Times of KP Krishnan (The Seen and the Unseen) - An interesting story

  • @tanmay8691
    @tanmay8691 หลายเดือนก่อน +2

    50:40 I want this power!

  • @RohitKumar-qt1hr
    @RohitKumar-qt1hr หลายเดือนก่อน +1

    Gosh, I haven't watched the episode but what a background!

  • @rambabuthota729
    @rambabuthota729 หลายเดือนก่อน +1

    50:40 there could be edits of Mr. Ajay Shah with some lofty breaking bad music in the bg. 😂

  • @oflavia2910
    @oflavia2910 หลายเดือนก่อน

    Can you speak to result of inflation on key sectors including real estate, consumer food, white goods, pharma, , the incidence of falling prices in some pockets.

  • @prashantagrawal4839
    @prashantagrawal4839 3 วันที่ผ่านมา

    If growth is the greatest God
    Then inflation is a great choreographer.

  • @Ethereal_dust
    @Ethereal_dust หลายเดือนก่อน

    Is there any relation between the health of the stock market and that of the economy?

  • @nadahalli
    @nadahalli หลายเดือนก่อน +1

    I sense some cognitive dissonance when both of you are so happy with the RBI setting the short term interest rates while having read (and presumably agreeing with) Hayek's ideas on how central planners have no clue about what individuals want.

  • @AdityaRaj-qn7lt
    @AdityaRaj-qn7lt หลายเดือนก่อน

  • @achunaryan3418
    @achunaryan3418 หลายเดือนก่อน

    Musical references😂❤

  • @sohamdas
    @sohamdas หลายเดือนก่อน

    Ajay Shah watches the great “Yeti hote hain kya?” show!
    A man of great taste!

    • @ajayshah5705
      @ajayshah5705 หลายเดือนก่อน +1

      Please explain!

    • @bluefly1
      @bluefly1 หลายเดือนก่อน +1

      ​@@ajayshah5705talking abt beerbiceps brainrot podcast, I guess

    • @sohamdas
      @sohamdas หลายเดือนก่อน +1

      That's the only obsession the BeerBiceps guy has- asking spiritual salesmen to science communicators to strategy thinkers- "Do Yetis exist?"

  • @sohamdas
    @sohamdas หลายเดือนก่อน

    I am not quite sure if growth is the greatest god. I think freedom is the greatest god.
    But then I am not a fanatic.

    • @amitvarma
      @amitvarma  หลายเดือนก่อน

      Freedom is the only path to growth.

  • @akashshukla3581
    @akashshukla3581 หลายเดือนก่อน +1

    Within first 50 views

  • @chetanpanchbhaiya
    @chetanpanchbhaiya หลายเดือนก่อน +1

    Can you research on bitcoin as this could be the solution.?
    Fix the money, fix the world

  • @bagadeshkumarr9502
    @bagadeshkumarr9502 หลายเดือนก่อน

    Decreasing interest rate during covid doesn't make sense because in the long run we know for a fact that inflation will run rampant then why do that? What do you think @Amit?
    For example: If money is needed to feed the poor people why not borrow & use the money.
    If the argument is "bike sales will drop during covid so reducing interest rate will make people afford the loan". I don't any sense in this because after inflation people either default or sell off the bike because interest spike. It is better for the common man to wait until he feels that he make that purchase in the normal interest rate scanrio.
    It just feels like bait & trap model.