According to the MSN news, the Modi government is preparing to introduce a universal basic income (UBI) scheme before next year’s general election. The government will transfer a certain amount into the bank accounts of citizens who are unable to earn an income. The Centre has been facing a relentless Opposition onslaught over a slew […]
25
Dec
Dec
What is money? What are the qualities of money? Is the note of rupee, that you hold in your hand daily, money? What is wrong with today’s fiat paper monetary system which is in the root of our problems of inflation, business cycles, government’s reckless spending and ballooning fiscal deficits, central bankers’ enabled nation state […]
15
Dec
Dec
It is difficult to place oneself in the national conversation without entering the hotly debated sphere of “sustainability,” and what needs to be done to create a “sustainable” future, characterized by the usage of resources such that future prosperity is not hindered. It would seem as though the key to ensuring the existence of sufficient […]
10
Dec
Dec
As I opined in my previous article, the RBI governor Dr. Urjit Patel has today resigned finally after a long tussle with the Narendra Modi government. As I discussed earlier, Modi government is under intense pressure to boost the growth and employment figures in the run-up of its reelection next year. The only way in […]
07
Dec
Dec
We saw the brilliant insight of Condillac in my last article. In the second part of his book Condillac discusses the evil effects of many different kinds of government restrictions on the free trade. He brilliantly uses the economic principles developed in the first part to prove his points. His arguments are so lucid and […]