ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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No Escape from the Economic Tangle

coming clown hard on the price-fixers. Instead, they have come down hard on only those who have been forced to buy at the high prices, not on those who have been charging these prices! If the very poor are denied the minimum command over purchasing power, some of them will die; this inflation will not be stopped thereby. In 1943, roughly three million died in Bengal, but the spiralling of prices was not checked. The authorities might keep freezing the income of the poor, but inflation would continue to march inexorably forward

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