The Offbeat Talk: A chatter about Economics - Part 2

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Continuing from a similar discussion I shared a few days back. So here is some more Economics talk: C)India too is having high inflation especially for the food items and well tomatoes seem to be the highest pinching member as of now. For an average rate of Rs. 50 to 70, it is hovering around 200 mark !! Yet Central Banker RBI, with high interest rates is trying to keep them within the benchmark 6 to 7 %. d)Then, we had the case of years of deflation that Japan had. Now, that means stagnant or falling growth and even more unemployment. So the best is 1 to 3 % inflation. This is good for growth and manageable prices. But well, not easy to achieve always. And of course, sometimes, we have the worst : Stagflation or stagnant growth and inflation which probably Zimbabwe and others went through. Now that's a lot of talk and for more, I would either need some book notes or notes from an expert economist !