On Hayek

“At first, I kept wondering how it could be possible that the educated, the cultured, the famous men of the world could make a mistake of this size and preach, as righteousness, this sort of abomination—when five minutes of thought should have told them what would happen if somebody tried to practice what they preached. […]

Inflation Myths

As food prices are soaring in India, quack economists are in the process of reinstating certain myths on inflation. Many are proposing false remedies. Such fallacies should be dealt with in some detail: 1)Finance Minister should fix the value of the Rupee. A proposition of Amar Singh, the general secretary of the Samajwadi Party was […]

Taxation is Robbery

“Throughout men’s history, money was always seized by looters of one brand or another, whose names changed, but whose method remained the same: to seize wealth by force and to keep the producers bound, demeaned, defamed, and deprived of honor. Yet through all the centuries of stagnation and starvation, men exalted the looters, as aristocrats […]