Why Minimum Wages and Price Controls Don’t Work
The government can either stop interfering with prices in the free market, or is eventually forced to take over the entire process of production and distribution. There is no middle way.
Author: Indian Liberty Report
News from India about peace, freedom and economics.
Is Capitalism Unjust ?
It is ok to depict what ought to be and is not because of the constraints of reality. But when we ignore the difference between fantasy and reality, this is a serious obstacle to our well-being.
Saifedean : MicroStrategy’s Decision to Hold Bitcoin Proves Its Only Real Use Case
The decision by MicroStrategy, a firm listed on the Nasdaq, shows that they wanted to hold cash instead of investment assets. All they needed was a better form of cash.
How the Absence of Free Markets Erodes Critical Thinking
Free markets require critical thinking to outdo other people on the market. Regulated economies require sucking up to those in power.
Why Public Sector Undertakings Turn Into Bureaucratic Nightmares
When losses can’t wipe out the PSU, only detailed rules for managers can limit the government’s budgetary exposure to it.
Why Are Political Activists Unhappy ? Just Take a Look At Their Causes !
Happiness is found in the sunlit uplands of freedom, not in the squalor of the bans and regulations which these activists promote.