syedfaisal

March 11, 2010

Inflation, Free Markets and Government Control

The recent debate in Pakistan over government’s ability to control, lack of involvement or excessive involvement in economic issues has taken new turn with the departure of finance minister Shaukat Tarin.

Shaukat  Tarin left the office when Pakistan is seeing one of the worst energy crisis of its history.  Pakistan with its reliance of 50% on natural gas for energy is facing the short fall of 1 billion cubic feet making around 20% of the total demand.

Recent Gallup Pakistan survey also shows that majority of Pakistani population considers economic issues as their top most priority. Around 63% think issues like unemployment, inflation etc are their major issues as compared to terrorism and political crises.

….

http://infocrats.org/mag/2010/03/economy/inflation-free-markets-and-government-control/

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