Congress & Legacy Of Inflation

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[url="http://www.firstpost.com/economy/why-congress-rule-always-leaves-inflation-as-legacy-697748.html"]http://www.firstpost.com/economy/why-congress-rule-always-leaves-inflation-as-legacy-697748.html[/url]

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The moot point is why is inflation a Congress phenomenon? [b]One can only attempt a guess: when a dynasty has to rule forever without real charisma or popular support, you need to buy votes by spending government money, whether it is through farm loan waivers or subsidies. [/b]It’s not that non-Congress dynasties have fared any better once their charisma faded, but they have limited the damage to some states. At the centre, there is only one dynasty in action. That probably is the link between Congress rule and higher inflation.
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