Praxeology: My Reflexions on India

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...