Comments on: Rising Oil Price and Weakening Rupee https://misesindia.in/2018/05/15/rising-oil-price-and-weakening-rupee/ Economics, Freedom and Peace Wed, 18 Mar 2020 17:30:35 +0000 hourly 1 By: PI https://misesindia.in/2018/05/15/rising-oil-price-and-weakening-rupee/#comment-50 Tue, 22 May 2018 17:47:46 +0000 http://www.misesindia.in/?p=1885#comment-50 If I know something about markets, cutting on petrol price when crude is going up – is like making a dog aggressive by running away from it!! Speculators will pile in more aggressively. Liquidity is still high.

Ministers, secretaries parties are too stupid to understand it. Markets are made of humans not currencies. Mises called it Praxeology, study of human action

]]> By: PI https://misesindia.in/2018/05/15/rising-oil-price-and-weakening-rupee/#comment-49 Thu, 17 May 2018 12:41:40 +0000 http://www.misesindia.in/?p=1885#comment-49 In reply to Madhusudan Raj.

Thanks for clarification

]]> By: Madhusudan Raj https://misesindia.in/2018/05/15/rising-oil-price-and-weakening-rupee/#comment-48 Thu, 17 May 2018 02:48:41 +0000 http://www.misesindia.in/?p=1885#comment-48 In reply to PI.

‘Purse’ is a metaphor for government budget. That’s what budgets are used for by all politicians: to win votes. They live and die for election and re-election. That is what defines them as politicians.

]]> By: PI https://misesindia.in/2018/05/15/rising-oil-price-and-weakening-rupee/#comment-47 Wed, 16 May 2018 13:42:15 +0000 http://www.misesindia.in/?p=1885#comment-47 Regarding “The Modi government cannot afford to let lose its purse anymore, which it very much wants to lose to win elections, ….”

I could not make sense of it. What is the purse. How is it connected to election?

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