Praxeology: My Reflexions on India

The rupee is appreciating or rather I should say, it is the dollar that is weakening (due to heavy quantitative easing i.e., dollar printing by the US Fed) against the major currencies of the world including Indian Rupee. Strengthening rupee is being closely watched by Indian government, particularly by the RBI officials, and the business people. All kinds of discussion is surfacing on the table. The focus of all these discussion is on, whether Indian government - through RBI's purchase of US dollar - should try to tame the rising rupee against the dollar? Actually, RBI has already started taming the rise in rupee by intervening in the currency market through their purchase of US dollars last Thursday . Is this RBI dollar purchase and rupee weakening policy justifiable from the sound economic perspective? To answer this crucial question we first need to understand the fundamentals of the currency market. What determines the exchange rate of rupee against the other currencies? The e...

A couple of months ago I was an obliged member of a team preparing the Surat district human development report for the Gujarat State, and the Central Planning Commission, India. Following are my anecdotal observations about my encounters with the government bureaucrats and politicians during this work. Although those who know the nature of the government won't feel at all surprised to read my observations, and it will all sound very obvious to them, but others might find it very useful to understand how the government really works. This will also prove the worthlessness of preparing such reports. To begin with, when GoG's human development directorate assigned this work to my department, the first instruction from them was not to write anything against the present government; to highlight the success [sic] stories of their various welfare plans even when no such successes were seen on the ground level, and to falsely praise the local and state government. Basically, avoiding th...

Kashmir is burning again! Civil uprising is on going since past couple of months, and tension is running extremely high. More than 100 Kashmiri have already lost their lives totaling more than 80,000 deaths since the beginning of Kashmir dispute some 62 years ago. The beautiful Kashmir valley is in dispute since the time of Indian independence. Everything apparently seems convoluted, but it's not. The solution of Kashmir problem is straight forward, but because the solution is politically incorrect no body will implement it. Moreover, politician gangs, who are uncontested rulers of the valley, will surely won't wish their empire to end very abruptly, which it will if they adopt the solution I am going to outline in the following paragraphs. Kashmir is yet another legacy of British Raj in India. The smart-ass Brits gave Israel - Palestine conflict to the middle east when they left from there, and gave Kashmir to India and Pakistan who separated at the time of their independence...

Dear friends, Here I list some of the important resources which you all require to uncover the hoax, lies, frauds of Anthropogenic (man-made) Global Warming (AGW)/Climate Change: Books: 1. The Deniers, Fully Revised: The World-Renowned Scientists Who Stood Up Against Global Warming Hysteria, Political Persecution and Fraud 2. Climate Confusion: How Global Warming Hysteria Leads to Bad Science, Pandering Politicians and Misguided Policies That Hurt the Poor 3. The Great Global Warming Blunder: How Mother Nature Fooled the World's Top Climate Scientists 4. Climategate: A Veteran Meteorologist Exposes the Global Warming Scam 5. The Politically Incorrect Guide to Global Warming (and Environmentalism) 6. Red Hot Lies: How Global Warming Alarmists Use Threats, Fraud, and Deception to Keep You Misinformed 7. The Really Inconvenient Truths: Seven Environmental Catastrophes Liberals Don't Want You to Know About--Because They Helped Cause Them 8. Green Hell: How Enviro...

The recent so-called fake encounter case (as if real encounters are in anyway justifiable!) of Mr. Shorabuddin and the follow up events of CBI arrest of various politicians has stirred the environment in Gujarat and India. Every news channel and newspaper is running this story. On every nooks and corners of the streets, at every restaurants, almost at any place people are busy discussing this case. In my view the issue is getting an attention which it does not deserve because of the reasons I am going to elaborate in the following paragraphs. The problem with the whole issue is not that the encounter was just or not, but the issue is, such government (which political party that question is irrelevant because the matter always is between the citizens and their governments) killings of their citizens take place everyday all around the world. As I have reported elsewhere, Hawaii University professor R J. Rummel's data records shows that governments around the world have killed total 2...

The recent episode of NDTV's We the People (the word WE, with its collective connotations, is itself a misconceived and misguiding notion. Read the novel WE to understand what I am saying) discussed the surrogacy matter. Following are my comments on this program. One thing is crystal clear from all such programs is, that a poor person and his poverty is a medium of employment for millions of people around the world. No one is really interested in solving any problems of the poor, but everyone is ready to take advantage of their poverty by conducting bogus researches (in State funded brick and mortar universities and research institutes) and airing such useless harmful programs. The hipocrisy of such programs is that they themselves are exploiting the poor! On one side NDTV's tv rating is reaching to the roof and on other side their stupid arguments of regulating the surrogacy trade with some dumb state legislation will inspire the government to enact nonsensical anti-surroga...

Democracy is the most venerated political organization in the whole of human history. It is supposedly the most ingenious invention of the statesmen for the alleged cause of human welfare. But, is it so? The question I want to answer in this blog is - is there any difference between monarchy, medieval serfdom etc., on one side and democracy on the other side? And my answer is NO. Why? Let us see. Under the disguise of the idea of the government ‘for the people, by the people and of the people’, democracies around the world are just another continuation of the power beneath the surface. As brilliantly put forth by De Jouvenel , it is the power that spreads itself under the disguise of different political systems like monarchy and democracy. Among many similar characteristics, one characteristic which I want to emphasize here is the control of power by a singly family. Monarchy is a quintessential example of such power control by one family, but democracy also has similar characteristics...

Inflation is a major problem facing all of us, not only in recent time, but since ages. The true understanding of this problem is lost in the antiquity. Today's mainstream economics is intellectually so bankrupt, and their clandestine aims of becoming the government apologists have obscured the subject matter to such a degree that hardly any of those economists talk or know about the realities of inflation. In all these propaganda game only Austrian school of economics is speaking truth about inflation. I, recently published an article titled, Inflation and Its Cures in India Economy Review . My article uses Austrian economics to dissect the problem of inflation. It discusses its true definition, causes and real solutions. For downloading the paper for your reading please go here - http://www.iipmthinktank.com/publications/India-economy-review-archive.html (my paper is on page number 174, Vol. VII, 31st March 2010 issue).

The whole Naxalite movement in the eastern part of India reminds me of such similar poor peasant uprisings of 14th and 15th Century central Europe Germany and France. The phenomena are very much similar: Poor peasants are dissatisfied and exploited by the State (Indian government with the Corporate world in this case), Some communist leader (Maoist in this case) presents himself in front of this desperate peasants as their savior, tells them to rebel against the status quo (church in those centuries and State in present time), promises them the future garden of Eden in the form of communism, brotherhood, humanism and other such Utopian fantasies, Peasants get sucked into their propaganda and take up arms and the uprising, killing, murdering massacre starts! During the 14th and 15th century there were this communist cult figure messiahs like Thomas Müntzer , the whole Anabaptist movement , the Brethren of Free Spirit, Taborites, Hussites etc., who were misguiding the poor peasants and ...

Now women also want 33.3% reservation in national and state level governments. If I have to describe this proposed bill in one line then it would be that, of course women also want their share in the government LOOT of their slave citizens. Why they should left behind? In a welfare distribution state everyone wants to be on the side of looters i.e., tax consuming class, and that is what the women are asking now.

Yeah I know, you all must be wondering and probably scratching your heads after reading the title of this blog! But wait before you declare me a loony; my assertion has strong logical basis. All Indians, especially the youth, believe that corruption is the biggest enemy of this country's progress. It is holding back India from moving forward. But nothing more can be further away from the truth. Actually, corruption is GOOD because it is making little bit freedom available to the Indians. Without corruption life will be very difficult in this socialist country. It would be impossible for businessman to do their business, consumers to find products of their choice on store shelves, workers to find jobs, and the masses to express their wishes freely. Let us see why. What is corruption? Paying a bribe to the bureaucrat is an illustration of corruption for everyone. We must analyze this process of paying bribe to understand corruption. Let us ask an important question, why people pay b...

As I expected the letter of my wishes which I sent to the Indian finance minister's email id just bounced. The delivery failure message has arrived in my inbox. This is how those finance ministers are going to fulfill wishes of the populace! I am attaching a copy of that delivery failure notice below: ------------------------------------------------------------------------------------------------- Note: Forwarded message is attached. The following message to was undeliverable. The reason for the problem: 5.4.7 - Delivery expired (message too old) [Default] 451-'4.2.1 mailbox temporarily disabled: pkm@sansad.nic.in' Reporting-MTA: dns; vastu9internal.nic.in Final-Recipient: rfc822;pkm@sansad.nic.in Action: failed Status: 5.0.0 (permanent failure) Remote-MTA: dns; [192.168.1.70] Diagnostic-Code: smtp; 5.4.7 - Delivery expired (message too old) [Default] 451-'4.2.1 mailbox temporarily disabled: pkm@sansad.nic.in' (delivery attempts: 76) ------------------------------ ...

An open letter to all the finance ministers of Indian government Mr. Finance Minister, Budget year is here and you are again in the prime focus. As is the tradition, you have asked the populace to present their wishes for the coming budget to you (as if you can fulfill their wishes!). I doubt and I am sure that none of you can and none of you are going to fulfill my following wishes but anyways I am making them. My wish list: Abolish all taxes, Reduce government expenditure to zero, Once you do this, you resign and leave government for some productive work in the market. Yours truly, An individual who is fade up with the government......

On one side Gujarat chief minister is handing out free cash doles to poor people (see here ) and on other side he is blaming central government for the rising prices. This shows the ignorance and hypocrisy of the chief minister. If he knew what actually inflation is, then he would have never blamed the central government. Inflation is, increase in the quantity of money and credit without any backing of production. Stated otherwise, handing out free cash doles to poor people, under his “ Garib Kalyan Mela ” is itself inflation! Chief Minister is creating inflation on one hand and is blaming central government for inflation on other hand! Now surely central government is also responsible for inflation but this does not deny the fact that even state governments are responsible for inflation. Actually, government taken as a whole is the chief source of inflation. Shifting the blame of inflation on central government by the chief minister is hypocrisy. Poor people (and the masses) do not un...

Indian people celebrate their 61st Slavery Day (I mean, Republic Day, which is a false connotation) today. On 15th August, 1947 Indian people were freed from the slavery of one master i.e. the Britishers, and today on 26th January, 1950, they again became (and continue to be) the slaves of their new master, their own Government ! Very few people realize the similarities between lives of Indian people under the British rule and their life under the rule of their own government, but, similarities are there for sure. Here is a list of these similarities: As Aamir Khan has depicted very vividly in his movie "Lagaan", Indian people were robbed by the Britishers through heavy taxation called "Laggan" under their rule. Is there any difference between that era of "Lagaan" and today's era of heavy "Income Tax" and all other, around 24 different forms of governmental taxation (see details of different forms of tax in India here )? No. Indians are still...

The movie 3Idiots created lot of controversy these days, without any concrete reasons though. More than anything else, the movie proved the idiocy of bollywood producers/directors in understanding the very important concept of, freedom . The movie, basically, tries to send a message of 'freedom of thoughts' in Indian education system, which in its present state is simply a system of rot learning. Unfortunately, the movie turns out to be completely against the 'freedom of thought' message, when in the end of the movie hero (Aamir Khan) becomes very rich scientist by having 'patents' of some 200 inventions! Now any person who favors 'freedom of thought', as is the case with our hero of this movie, can never ever support the system of 'patents'. But the hero not only supports 'patents' he actually uses that system. By taking 'patents' our hero restricts the very 'freedom of thought' which he tried to promote while in his eng...

The recent bill of “compulsory voting in local elections” passed by the government of Gujarat is absolutely unethical, immoral, unconstitutional, and undemocratic. Gujarat is a state which is passing bills and enacting legislations which are in direct contradiction with the Indian constitution and more importantly are against human ethics. For example, Article 25 of the Indian constitution gives a right to every citizen to follow religion of their choice. India describes herself as a secular country. But Gujarat government recently has passed an anti conversion bill where any person who wants to convert (change) their religion has to take State government’s permission! I fail to understand what kind of secularism is this? Notwithstanding the Indian constitution, this bill is a direct attack on person’s liberty and thus is absolutely unethical. The recent bill of compulsory voting in local elections is also similarly unethical, unconstitutional and undemocratic act of the government of ...