This is the Only Real Reason for Inflation
When President Donald Trump announced his tariff policy, the loudest objections were focused on this sparking inflation. There seems to be a broad agreement that tariffs will
Monopolies Arise in the Absence of Free Markets
Many of the monopolies today are state-owned entities, which are highly susceptible to political interference. Politicians may use them as tools to achieve personal or political goals, such as rewarding loyal supporters with management positions or contracts,
Is India Beginning to Recognise the Power of the Invisible Hand?
The Indian Economic Survey was released in January as a prelude to the Union Budget for 2020. In the report, Chief Economic Advisor (CEA) Krishnamurthy Subramanian has suggested several solutions to boost the Indian economy. This comes in highly challenging
Murray Rothbard: Author, Economist & Anarcho-Capitalist
Murray Newton Rothbard was one of the most important leaders of the American libertarian movement of the 20th century. He proposed a form of free markets that he termed “anarcho-capitalism.” This was both a philosophical and an economic belief that individual responsibility is more important
Can Tax Cuts Revive the Indian Economy in 2020?
The Indian economy dipped close to 6-year lows in the July-September quarter, touching 4.5%. In fact, following a glorious run in 2018, the economy struggled through 2019, with the three key drivers of economic growth, investment, consumption and exports, declining. Both
Free Market Thinker Rakesh Wadhwa to Speak at Capitalism & Morality 2019
On August 3, 2019, some of the finest minds would be getting together in Vancouver to discuss the philosophy of freedom and liberty. This annual event brings together thinktanks and leaders from across the globe to meet and share their ideas.
Will Trumponomics Drive America into Another Recession?
The Trump economy received an “important endorsement” from Fed Chairman Jay Power, who said, “The US economy is in great shape…Most people who want to find jobs are finding them,” said an article published by Yahoo Finance on June
Rakesh Wadhwa. Ever since, I was a school boy, I knew India was on the wrong path. Socialism was just not what we needed to get ahead. Government controlled our travel; government controlled our ability to buy and sell; and government controlled our freedom to move our money. My life has focused on the inherent rights people have. When I was in college, I never understood, what the governments meant by their "socialistic attitude". If people are free to buy, sell and move their capital themselves without any restrictions by state, then the welfare of people is inevitable & hence the countries they live in will become wealthy. The government has no right whatsoever, to point a finger at me or my business. I am not a revolutionary. I just want to light up my cigarette and not get nagged about it. I believe in non-interfering attitude to attain more. 
The Bastiat Award is a journalism award, given annually by the International Policy Network, London. Bastiat Prize entries are judged on intellectual content, the persuasiveness of the language used and the type of publication in which they appear. Rakesh Wadhwa won the 3rd prize (a cash award of $1,000 and a candlestick), in 2006.
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