Praxeology: My Reflexions on India

With   falling direct   and   indirect tax   revenues (sic), the Modi government is desperate to raise more money to spend on their fiscal programs to allegedly bring the economy   out of the slump   which they think is caused by a   fall in aggregate demand . Experts and even BJP MPs like Subramanian Swamy are calling this   tax terrorism . I am going to analyze two questions in this article: One, is the economy in slump because of fall in aggregate demand? And two, can this tax terrorism to raise and then spend more money bring the economy out of this slump? Let’s see. In my   previous article   I have tackled the issue of whether a fall In aggregate demand is responsible for this slump in the economy so I am not going to spend time on that question here. As I have said there, demand is never a problem for any economy. Supply is. And that supply is now chocked by the Modi government via their knucklehead policies like demonetizat...

Recently I was interviewed by Mr. Yohan Tengra of   Anarchy for Freedom    about how an Anarcho-Capitalist   Private Law society   will solve our myriad of problems like pollution, national defense, protection of property, inflation, unemployment etc. Statist people frequently argue that without the state (aka government) there will be   Anarchy , which they allege to be a state of chaos. But in reality Anarchy only means   absence of a central authority . Far from being a chaotic society, an anarcho-capitalist private law society will solve our problems in a much better and moral way. Listen to my discussion of these important issues below.