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, […]
Tag Archives: Government
21
May
May
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 […]
25
Mar
Mar
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 […]
26
Aug
Aug
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? […]
25
Apr
Apr
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 […]