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CERC has issued an order to extend the price cap of Rs 12 per unit in all market segments of power exchanges citing, the Emerging demand-supply situation in the power sector. ....
Emergency measures when we re out of the emergency. is this a big government grab? something to be discussed and debated but we must return to our roots to let the private sector finds out its own market clearing price for enemployment. neil: steve, i understand you worked for donald trump and i m not trying to disparage the prior president or this one. but it does seem a stretch to look at these uptick prices in meat and milk and the other areas and blame the new guy. you me? that is a reflection of anything and your a great economist of an improving economy and prices rising, demand building. i don t know if it can be just dropped on the lap of joe biden. your thoughts. there s no question the economy is getting better. i m bullish on the economy for the next six or nine months. people are getting back to work. the two problem on the horizon ....
Horrific. base effects will trail off which leads us to 2022. 2022 you ll likely see a rollover in economic growth because the base, which is 2021, is so high. at 6.5% in growth this year. next year a slow down in economic activity. higher taxes and higher inflation. while times are good and 9.3 million jobs out there, perhaps people don t take them because the government has now put the market clearing price of going to get a job at 32,000. so you re making less than that, doesn t make sense to go get a job. but when times get rougher and you have both higher prices, fewer jobs and slower economic growth, people are going to start, you know, complaining about that quarter price increase on their burrito or double that. so inflation is inevitable. we have massive fiscal stimulus, monetary stimulus and on going ....
As you pointed out, gary it s a non non-part non-partison group, saying we can lose hundreds of jobs. getting back to jonas point, and then your point, brenda is that we still have unabashed faith in government like they re the wizard of oz. if they could somehow, there was super smart people back there that could pull a lever here and push a rod there, they could come up with a magical, perfect minimum wage that wouldn t raise unemployment. yet, it would make people happy out there. i mean it just is a fallacy. we ve seen this with economists at the fed that try to common the economy. we ve seen it with people in the treasury department. we ve seen it all over. brenda objective economists say that study after study says when you raise the minimum wage past what i think jonas or john said the market clearing price, ....