Praxeology: My Reflexions on India

  I was just returning home from office and saw this warning banner (see figure 1), which my local municipality office hung on the middle of the road, saying, and I translate from local Gujarati language, You are now entering a Coronavirus infected   high risk   area so be careful. Figure 1: Warning about Coronavirus high risk area Any sane thinking person will immediately ask a question that how high this risk of Coronavirus is? The risk obviously is of dying from disease called Covid-19 which is caused by this novel Coronavirus. The next logical question is, how do we measure this risk? We measure it by the probability of dying because of Covid-19. Another very important issue that no one is discussing is, what is the risk of Coronavirus compared to other risks in life? We all know that life is full of risk. The day when you enter the world from your mother’s womb the risk of dying from one or the other cause is always present. And ultimately death is inevitable. What i...

  In the aftermath of full lockdown imposed by the central government of Narendra Modi, Indian GDP has   crashed by -24%   in the June quarter. This is an historic event. Government’s   revenues continue to plummet   while their expenditures, to supposedly revive the economy, continue to sky rocket resulting in historically high   record budget deficits . Government’s   debt to GDP ratio   is rising rapidly. Basically, the Indian government is fast going bankrupt and insolvent. All these reminded me of an article of mine that I wrote in 2013 in the run up to the crucial 2014 Loksabha election. In my May 4 th , 2013 article titled   Narendra Modi: An Extraordinary Popular Delusion   I warned Indian voting public about the dangers that they will invite by voting for Narendra Modi who just announced his candidature for PM position and lot of euphoria was building up around his name. In that article, which I am reproducing below with little ...