Posts Tagged: Money

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…Continue Reading →

Overproduction Doctrine

One of the greatest fallacies on economic depressions is that it is caused by overproduction. “Overproduction is the natural tendency of capitalism to expand the production of commodities that does not acknowledge the limits of the market (demand). Since the…Continue Reading →

Power And Capitalism

t is often argued that, in an anarcho-capitalist society greedy people would end up having a lot of power. The facts are quite the contrary. It is a free society which prevents people from acquiring political power and hence misusing…Continue Reading →

Inflation Is Man Made

“Food Inflation”, as they have named it, has soured to a decade’s high in India. As usual, speculation and hoarding is being blamed. False remedies are being proposed. It is time to think in terms of fundamental principles. Ayn Rand…Continue Reading →

The Cure For Inflation

New Year’s day headlines in many newspapers was that the rise in food prices in India is at 19.83 percent.It is the highest in the decade and shows no sign of subsidence. Interestingly, The Finance Minister Pranab Mukherjee said that…Continue Reading →

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…Continue Reading →

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….Continue Reading →