A politician in a modern Democracy is a slave to the business cycle. Most politicians are either unaware or seem reluctant to acknowledge it. And ignorant dumb fucks have a propensity to misunderstand the cycle.
Now what would a smart politician do? Can she do anything at all? If the Philips Curve or some such economists’ bastardization of Math can be used as a rule of thumb to decide the extent and duration of front loading pain, why isn’t that adopted in the politician’s manual? Does that point to the fact that it can’t be?
In other words, when will Dr Singh arm-twist the look alike in Bombay? And when will fuel prices be cut? And can we assume, the other gult’s seeming independence was part of the (failed?) front loading strategy?