Praxeology: My Reflexions on India

In this crisis ridden world, economies around the world are experiencing high bouts of inflation (see here ), and India is no exception in that. Indian economy is facing the effects of severe inflation in the form of rising food and energy prices (see here , here , and here ). Indian government is either clueless about the cause of this inflation or is pretending to be clueless to fox the people from seeing the true cause of this rise in prices. Moreover it is trying to shift everyone's attention from the true cause of inflation by creating scapegoats like consumers (high demand), hoarders, speculators, food drought etc. This is an age old trick which all governments use to fool its populace when it embarks on the inflationary path in full speed. In this blog I will expose Indian government's lies and will explain the true cause of inflation. Why inflation? Inflation is increase in the supply of money due to government's money printing process through its central bank (RBI ...

Recent flood of corruption events ( here , here , and here ) in India have rocked the country hard, and the issue has become a big talk of the town. The media is full of anti-corruption campaigns /news. Bollywood has also focused on this issue many a times with movies like 'Nayak' etc. Even before these events came into day light, corruption was an issue of major concern for most of the Indians. Majority of them - mostly youngsters - think that corruption is one of the major roadblocks in the path of India's progress, and they of course are right. Corruption is a big opportunity cost imposed by the government on the economy. Despite all these brouhaha, so far the thinking about the issue of corruption remains muddled; no one is asking the right question, and no one knows the true solution of this problem. In this short missive I will analyze the causes of corruption and will discuss the solution of this problem. What is corruption? Before we logically analyze the problem ...

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...