Sri Lanka should protest the 7-pct annual inflation target, not a 3-pct VAT hike

Sri Lanka's politicians are protesting a once in a lifetime valued added tax of 3 as well as the imposition of VAT on some new items, but far more damaging to the poor is the deadly power given to macro-economists to generate 5 to 7 percent inflation every year.

Related Keywords

Sri Lanka ,Maldives ,Malaysia ,Germany ,Switzerland ,Dubai ,Dubayy ,United Arab Emirates ,United States ,Chicago ,Illinois ,Laos ,China ,Austria ,Cambodia ,United Kingdom ,Cambridge ,Cambridgeshire ,Cambodian ,Swiss ,Americans ,British ,Austrian ,Sri Lankans ,Hun Sen ,Paul Samuelson ,Ranil Wickremesinghe ,Friedrich Hayek ,Alan Greenspan ,John Law ,Ben Bernanke ,Murray Rothbard ,Central Bank Governor Nandalal Weerasinghe ,International Monetary Fund ,Exchange Rate Target Cannot ,President Ranil Wickremesinghe ,Saudi Arabia ,Prince Norodom Sihanouk ,Phillips Curve ,Progressive Saltwaterism ,Inflation Index ,Nominal Exchange Rate Target Cannot ,Middle Eastern ,World War ,