Tag Archives: Government

Economics of Corruption

Corruption has been maligned by everyone as if it is something bad and has to be condemned and removed from society forever. Transparency International defines corruption as, We define corruption as the abuse of entrusted power for private gain. Corruption erodes trust, weakens democracy, hampers economic development and further exacerbates inequality, poverty, social division and […]

Afghanistan and the Criminal Gang called the Government

The political institute of the state historically evolved out of conquest of peaceful people by the hoards of marauders. Murray Rothbard in his important work Anatomy of the State discussed this theory,  We are now in a position to answer more fully the question: what is the State? The State, in the words of Oppenheimer, […]

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? […]