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The free market shall fix everything

Published by sudipta May 6th, 2008 in Capitalism, Development, Economy, Energy, Geopolitics and Government.

Patang on the blog by the same name disagrees. And in view of the recent hullaballoo about food prices and how more people eat more food, take a look at what he has to say:

Is money a store of value? Let me ask you - is a lakh of rupees a lot of money? Can you remember a time when it was? How long ago was it? Your savings - what will they be worth when you retire? Is this fair? Here’s another question to test your familiarity with that thing we call reality - is gold a currency because it is valuable, or is gold valuable because it is a currency?

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