A child's guide to monetary policyDetails

Details
It was a great idea to put together some simple features of monetary policy and explain them in more simple terms. I am sure some bankers (and central bankers) reading this will start speaking more sense in the coming days. Looking forward to read in this column or elsewhere, some suggestions for GOI and RBI to factor in some ingredients in Fiscal Policy and Monetary policies which will help flush out secret reserves of the millionaires and billionaires, which, if brought to mainstream, will make the economy grow at a much faster pace and at the same time make the lives of both the rich and poor more secure and worth living.

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