A strike planned on March 01

IMF should stop the promotion of impossible trinity regimes with spurious claims to monetary policy independence

Call from Goh, Shenoy to provide sound money discarded in favour of depreciation, flexible regimes

Care should be taken to make sure that excess liquidity does not re-emerge from fictitious capital

In 1968 with Bretton Woods soft-peg hanging on a thread, advantages of currency board had become clear

That BOP deficits and reserve losses are caused by money printing is now hidden and victims are blamed

Fear of a DDR/IFR event drive rates even higher

Indian billion dollar credit line also works Undiyal fashion

It is through open market operations that money is printed to mis-target interest rates

The absolute discretion to print money through flexible inflation targeting cum output gap targeting has to be blocked