,
10 tweets,
2 min read
Read on Twitter
I am no expert on Rafale...But I find this N Ram piece a tad too obvious and dare i say silly
Ofcourse if you buy fewer units of a good, then the unit price of that good will be higher.
So?
Every housewife and her grandmother in the country knows this
thehindu.com/news/national/…
Ofcourse if you buy fewer units of a good, then the unit price of that good will be higher.
So?
Every housewife and her grandmother in the country knows this
thehindu.com/news/national/…
That doesn't mean you keep buying large volumes of aircraft, in order to reduce unit price
The relevant question is
a) Does the IAF need 36 aircraft or 126?
b) Would you rather have some aircraft now, than many at a distant date?
c) Didnt the decision to buy 36 hasten delivery?
The relevant question is
a) Does the IAF need 36 aircraft or 126?
b) Would you rather have some aircraft now, than many at a distant date?
c) Didnt the decision to buy 36 hasten delivery?
And there is NEVER a "right" volume, and a "right" unit price
It all boils down to individual judgment.
When I renew the lease for the house I rent, I make this decision every year! Should I accept a $100 increase in rent for the next 1 year? Or a $50 increase for 2 years?
It all boils down to individual judgment.
When I renew the lease for the house I rent, I make this decision every year! Should I accept a $100 increase in rent for the next 1 year? Or a $50 increase for 2 years?
If I pick Option 1 that doesn't mean I am an idiot. Because the first option does not oblige me to stay in the apartment for 2 years, and gives me greater flexibility. And I pay a $50 extra premium to have that flexibility in the contract
This decision is taken by managers in companies every day.
If you renew a contract with a vendor, the price varies depending on the volume, or the term of the contract.
Shorter term means higher unit price. And people do take that option very often
If you renew a contract with a vendor, the price varies depending on the volume, or the term of the contract.
Shorter term means higher unit price. And people do take that option very often
We have to trust the judgment of the executive branch in matters like these
If there is going to be legislative debate and debate in the press on such decisions, then you are never going to move the needle in any respect in this country
We need a strong executive.
If there is going to be legislative debate and debate in the press on such decisions, then you are never going to move the needle in any respect in this country
We need a strong executive.
The govt cannot run its affairs by discussing and explaining each decision to 1.3 B people.
That's a recipe for policy paralysis
That's a recipe for policy paralysis
Sure...does that mean suboptimal decisions are inevitable?
Yes. Depending on who is judging the optimality of each decision!
This is the reality of having a large state, and a big government.
We don't live in Swiss cantons anymore.
Yes. Depending on who is judging the optimality of each decision!
This is the reality of having a large state, and a big government.
We don't live in Swiss cantons anymore.
The purpose of the opposition and the press is to uncover wilful wrongdoings if any - eg - if there is a money trail suggesting corruption, please bring it to the notice of people
But the idea should never be to turn every executive decision into a point of national TV debate
But the idea should never be to turn every executive decision into a point of national TV debate
We trust the judgment of our very fine bureaucrats and their negotiating skills
If too many sub-optimal decisions are made in too many areas, that will reflect in your Fiscal deficit % in the Economic survey
That's the best you can do
If too many sub-optimal decisions are made in too many areas, that will reflect in your Fiscal deficit % in the Economic survey
That's the best you can do
