The simple answer is their “knowledge”

Take a recent example.  The price of oil is going sky high. India has no clue how to manage the situation. The inflation has soared to 11% and Govt can do NOTHING. I repeat, NOTHING. They can only sit and watch.  Its same as a tsunami, you can do NOTHING to stop it.

Comparing it with USA, there are loads of discussion and research in trying to understand why its happening. Some of the best minds in economics are coming to a common platform and discussing the fundamentals.

Paul Krugman ( A nobel prize prospect)

Steve Randy Waldman

Mark Thoma 

Dean Baker

Thomas Palley  and

the best in the oil/commodities business , Jim Hamilton

 

 

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