Now given we live in a globalised financial market, with free-floating exchange rates and no capital controls, how would you "do" financial repression?
The beauty of the free-market price system is that all prices are the result of voluntary exchange and, hence, reflect the personal preferences of all members of society.
Almost all of India's car makers are offering either discounts or incentives such as free insurance, vehicle exchange bonuses and car accessories to drive up sales in a dull market.
More than a year ago Hanke explained that Brazil's Plano Real, which pegged its currency to the dollar, dangerously quashed freemarket forces by giving the central bank the power to set both the exchange rate and monetary policies.