Indian media is going crazy about India having discovered a major mine in UP. India has claimed to have found a mine containing 3,500 tonnes of gold. This would be, by a massive margin, the biggest gold mine in the world, in a country where there is today only one small gold mine. This gold […]
Category Archives: Commentary
12
Feb
Feb
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 […]
05
Jul
Jul
Chapter 2, Vol I of the Economic Survey of India 2018-19 begins with this title: Policy for Homo Sapiens, Not Homo Economicus: Leveraging the Behavioural Economics of “Nudge”. It starts with the following Sanskrit stanza: We cannot rely totally on rational thinking to gain information, as it is not without its bias. The following is […]
29
Jun
Jun
Modi government, since again coming to power with even bigger majority than in 2014, is centralizing the economy and the society at a rapid pace. It is bringing out one central plan after another one. It is trying to dictate every little thing that is going on in India. For example, apart from the flurry […]
23
Jun
Jun
Indian businesses, especially the so-called ‘too big to fail’ ones, are drowning in debt and are failing one after another. Here is a list of few of these businesses: First, the IL&FS default and insolvency. Also, DHLF, another giant housing finance company, is also near default. Second, Baba Ramdev’s Patanjali is struggling hard with slower […]