Nirav's Personal Blog

Economics in One Lesson: Do Price Controls really work? This is the transcript of my video Economics in One Lesson: Do Price Controls really work? You can see the video here .  Hello Guys, Introduction We are living in unprecedented times where we are staring at a global recession and even a depression in the worst-case scenario. Once the shutdowns are lifted the focus of all the governments will be to take unprecedented measures to reverse the economic damage caused by the shutdowns. These measures will be touted as temporary and would be purported to relieve the pain of the worst affected classes. On the face of it, they may look necessary and even seem to work but once you dig deeper you will discover the disastrous consequences of these measures which are influenced by economic fallacies on the society as a whole. These consequences have an impact on each an everyone one of us. Some of us will be affected very badly by it and some of us will do okay...

Recently, Rick Rieder, Chief Investment Officer of Global Fixed Income for BlackRock published an article on the BlockRock blog highlighting the economic policy state-of-play today, and where it may lead to should economic growth falter, productivity not materialize, and populism continue to thrive. While the Avengers: Endgame ended well for the world with Ironman being able to restore the world to the same state as it was before Thanos snapped his fingers, the same cannot be said for the implications of the current monetary policy being pursued by the Central Banks across the world. The changes brought about by Quantitative Easing(QE) are irreversible and there is no infinity gauntlet, which can by snap of fingers, restore the world back to the state it was before Central Banks resorted to QE . It means that we have to accept the reality and brace ourselves for impact as the endgame plays out.So how is the endgame is likely to play out? The Endgame According to Ri...