Praxeology: My Reflexions on India

In recent budget finance minister Arun Jaitley announced a new monetary policy measure called Inflation Targeting (see here ). This is what the measure in specifics is, "the apex bank adopt the new Consumer Price Index (CPI) as the measure of the nominal anchor for monetary policy. And that the RBI set the target CPI inflation level at 4 per cent (+/- 2 per cent) to be achieved through its monetary policy tools." So, what is this inflation targeting? Is it good for the Indian public and the economy at large? Or is it just another tool of fleecing off the (sheep) public? I answer these questions in my new economic analysis below.  

The much awaited budget of Modi government came and gone. In my latest economic report, instead of focusing on specifics of this budget,  I analyze the fundamental ideological issues that are driving the actions of the present government in this budget and other policies. Instead of focusing on specifics, it is important to concentrate on these underlying ideologies which is going to affect the future of billions of people in India.

So after a heated pre-election day campaigning and lot of mud slinging by - mainly BJP and its PM Narendra Modi - the political parties, Arvind Kejriwal and his Aam Aadmi Party (AAP) won a landslide victory capturing 67 out of total 70 seats. BJP got only 3 seats while Congress got nothing. Many newspapers are calling this as a AAP tsunami sweeping away the "Modi wave"! This landslide victory means many things. Below are my reflections on these new developments in the Indian politics. First, this landslide victory of AAP is a sure indication that Narendra Modi and his BJP's nonsense propaganda of Hindu nationalism , Ghar Wapsi , Hindu women having 4 children , attacks on Christian churches in New Delhi , opposition to festivals like Valentines Day etc., and other such nefarious tactics of dividing people on communal lines - like what Modi was doing in Gujarat since last 15 years - will not work in this country where people are hungry, not having clot hes on thei...

I am just returning from Kathmandu, Nepal after attending the Asia Liberty Forum 2015 which was jointly organized by the Asia Center for Enterprise, New Delhi, the Samriddhi Foundation, Nepal and the Friedrich Naumann Foundation. This forum brought together some 250 people from 37 or so different countries around the world. A list of these countries include, India, UK, USA, Lithuania, Kazakhstan, Kirghiz Republic, Taiwan, Thailand, Sri Lanka, Malaysia, Philippines, Indonesia, Vietnam, Pakistan, Nepal, Bhutan, China, Australia, Germany, Hong Kong, Morocco, Japan, South Korea, Turkey, Guatemala, Palestine, Singapore etc., etc. It was a big event where this Freedom loving people got together to discuss the ideas of Liberty. In the following short discourse I share my experiences of this forum. The Bright Side Firstly, I was very happy to meet many people from Asia, especially young students, who are interested in the ideas of Liberty. They are not only interested but ready to do a...

The international prices of Crude Oil are falling fast since last few months in the international market as can be seen in the below graph. Despite this big drop in the international prices, there is no drastic cut in the prices of Petrol and Diesel in India. Why is this? What is the cause of this price drop in the international market? In my latest economic report I answer these questions.

In this continually updating article I am going to keep track of the flip-flops of Narendra Modi's election and other promises. He and his BJP party has already began the flip-flop journey. 1. Black money: Before and during election Modi promised to bring black money back to India - some saying within 100 days (Baba Ramdev here claiming it, and Modi was in full support of Ramdev during elections) - of its government's formation (see here , here (I must say the speech of Modi in this video is the worst form of lies, socialism and propaganda of using peoples' "envy" to come to power!, and here ). And now after 6 months in power when he failed to do anything substantive about black money, his party FM is denying any such promises. They are now flip-flopping over this issue. Here's what Venkaiah Naidu recently said in parliament : "Listing out the measures taken by the BJP government to deal with the black money menace, Naidu said whenever 100 days is...

Since coming to power six months ago, the new prime minister of India, Narendra Modi, is mostly busy developing a new war machinery in India. Modi calls himself a "Hindu nationalist" and like a true nationalist he is busy consolidating power by whipping the public frenzy for war. Remember what the great American journalist Randolph Bourne said about war: the war is the health of the state . The state was born out of conquest and war, and it is only via war that it strengthens its powers. Modi knows this and he is using the war propaganda - actually one of the reasons why people voted him to power is because he has an image of a "strong man" - to consolidate and increase his powers. Here is a list of measures which Modi took after coming to power to increase the war machinery production in India: UPDATE 1: And today the new defense minister Manohar Parrikar also announced a deal of 15,750 crore rupees for buying 'artillery guns' (see here ). Some exc...