Continues
from previous post -
Amongst economic
groups in the market who are concerned with interest rates, first
category is "Real economic group" includes
Shop owners,
manufacturers, Farmers, builders, contractors and transport. This
category helps economic development of that society. This group I
shall call, "Real economic group" because financial
activities of this group benefits economy of our society. This group
is directly connected with the ratio GDP/GDS. In general discussion
on economic affairs we do not consider GDS as an important factor in
the issue, I feel that is wrong and that is the reason why we make
wrong judgments in our economic adjustments. Nation's economics
depends on this group and so this group is the most important of all
borrower groups about what we shall discuss in this essay.
Second category is
"Gambler group" this category includes forward traders,
commission agents, money launderers, black market, gamblers,
speculators and crony borrowers. This category does not help economic
developments of society but helps only the concerned individuals at
the expense of society. This category harms economic development of
other members of that society. People of this category are very
selfish in their ways. People of this category continue to present
their economic theory as most authentic and have been misleading most
countries in this world. This category began to influence economy of
nineteenth century and after that. Notable economist, Keynes
first introduced theories of economics based on some mathematical
equations. More economists added on that and by that a mathematically
guided economics they developed. That became very popular amongst
theorists and academicians. Today we are working on those theories
and these theories can be manipulated to serve the purpose of gambler
group so they have accepted them and base all their arguments on that
basis. More on this, we shall see in later part of this essay.
Continues in the
next post –
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