Tag Archives: Government

On Government Digital Currencies

The latest issue of the Economist magazine (figure 1) discusses the coming digital currencies of the governments. It talks about how these currencies are risky but a risk worth taking and how they will transform finance as we know it today. Let’s see what risk we all are taking when governments are going to impose […]

What can Likely Happen after the RBI is Gone?

RBI

Many people ask me about what possibly can happen if Indian central bank RBI is abolished or it collapses under its own weight? The following write-up is a brief reply to such important questions. We in the Liberty camp, who talk about doing away with the statist central planning institutions like the central bank, have […]

Is Indian Government Consumption Key to Growth?

Consumption

The Indian central bank RBI recently said that, Indian government consumption key to growth in economy amid pandemic. Indian government spending will support the economy during the pandemic, but private consumption will be needed to drive any economic recovery once the coronavirus threat eases. Is it so? Is government spending and consumption key to growth? […]

A New Social Contract

Social Contract

The original social contract  which was prepared by political philosophers like Thomas Hobbes, John Locke and, especially, Jean Jacques Rousseau has expired. 300 years history of the world has proved that that contract hasn’t worked. It has failed. That contract was designed to bring the institution of Leviathan i.e., the State into existence so that […]

The Rise of the State

Many people with whom I talk think that the political system of the centralized State is with us since time immemorial; that this system is going to be with us forever, and we can’t do anything about it. They held such false notions because they haven’t looked into the human history, especially the history of […]