As a liberal party, our default position is to reject any government intervention in the lives of people unless it is thoroughly justified. In particular, we reject the wishy-washy precautionary principle. Real harm must be proven before even the thought of government intervention is entertained. It is a matter of concern to us that Indian […]
The Real Athenian Democracy From: Mises India Democracy is our present world’s political religion. India supposedly is world’s largest democracy. We are being bombarded everyday by politicians, media pundits, academicians and other intellectuals about the virtues of democracy. In his second term’s first Mann ki Baat program prime minister Modi termed democracy as a part […]
From: Sanjeev Sabhlok appeared on TOI, July 23, 2019, 3:59 PM IST. We have evolved as a species to be curious about scary things. Newspapers love to publish scary reports, which are like click-bait: they catch our attention. Health scares fascinate us the most. Environmental scares grab… We have evolved as a species to be curious about […]
From Sane Space : Libertarian Dispatches From Bizarro America In response to something I’d written about labor unions, a critic started badgering me about child labor. What a terrible feature of capitalism, he said. No, it was a terrible feature of all of world history, I replied. Thank goodness for people who passed laws against […]
By Madhusudan Raj on Mises India Chapter 2, Vol I of the Economic Survey of India 2018-19 begins with this title: Policy for Homo Sapiens, Not Homo Economicus: Leveraging the Behavioural Economics of “Nudge”. It starts with the following Sanskrit stanza: We cannot rely totally on rational thinking to gain information, as it is not […]
By Mark Mills on Economics21.org The math behind “The New Energy Economy: An Exercise in Magical Thinking” A week doesn’t pass without a mayor, governor, policymaker or pundit joining the rush to demand, or predict, an energy future that is entirely based on wind/solar and batteries, freed from the “burden” of the hydrocarbons that have […]