From Vegas to Vancouver: Championing the Cause of Free Markets

From Vegas to Vancouver: Championing the Cause of Free Markets

The more any government stifles the idea of free markets through rules and legislations, the more people would try and “find a way out” and the results can be catastrophic for an economy. It is for this reason that champions of the

Are Casinos Really Accessible to All?

Are Casinos Really Accessible to All?

Posted by: on Nov 14, 2016 | No Comments

Free markets and healthcare are unlikely bedfellows, if you look at the traditional dichotomy between these two. One issue that comes up is that of barriers to accessibility that take different guises. While the ancient Latin proverb, ‘Caveat emptor

The Road to Serfdom is Paved with Good Intentions

The Road to Serfdom is Paved with Good Intentions

Posted by: on Nov 7, 2016 | No Comments

The Road to Serfdom is a singularly influential book published in 1944. The book was written by the Nobel Prize-winning economist Friedrich Hayek and is probably the single most popular book on economic theory to be read and known, thanks to the Reader’s

Prohibition: Archaic Remedy That Failed (Part 4)

Prohibition: Archaic Remedy That Failed (Part 4)

Posted by: on Oct 28, 2016 | No Comments

Read Part 1, Part 2 and Part 3 of this series of articles.

What goes around, comes around and the buck stops only when the head understands the cost of doing things without a long-term vision and in the absence of a rather basic respect for the rights of others. Just as the US government had

Prohibition: Archaic Remedy That Failed (Part 3)

Prohibition: Archaic Remedy That Failed (Part 3)

Posted by: on Oct 21, 2016 | No Comments

Read Part 1 and Part 2 of this series of articles.

Prohibition of alcohol has proved to be a failed experiment a hundred years ago in the US. The biggest case against prohibition is the 13-year ban enforced in the US. You must keep in mind that pre-prohibition crime rates in the US

Prohibition: Archaic Remedy That Failed (Part 2)

Prohibition: Archaic Remedy That Failed (Part 2)

Posted by: on Oct 14, 2016 | No Comments

Read the first article of this series here.

Prohibition has been rejected by even the World Health Organization as a failed effort. However, India remains one of the few countries that

Prohibition: Archaic Remedy That Failed (Part 1)

Prohibition: Archaic Remedy That Failed (Part 1)

Posted by: on Oct 7, 2016 | No Comments

Definitely, the Government imagines that handholding a nation of 1.252 billion will teach our multitudes the discretionary wisdom to judge right from wrong. Strangely, when looked at in entirety, one wonders if it is the Government that needs handholding to help it understand the cockamamie ideas,

Cracking the American Lottery (and Admitting it)!

Cracking the American Lottery (and Admitting it)!

Posted by: on Sep 28, 2016 | No Comments

In America, lotteries are as old as history. It was a lottery that provided the much needed funds for everything from the establishment of the colonies to railroad construction and for universities such as Yale and Harvard. In fact, currently 5% of the money used for state education comes from lottery revenue earned by the government. The first

Michael Shackleford: Meet the  Wizard of Odds

Michael Shackleford: Meet the Wizard of Odds

Posted by: on Sep 21, 2016 | No Comments

Before we meet the Wizard of Odds, let’s take a short look at the yellow brick road that is paved by mathematics and economics on one side and gambling and gaming theory on the other side. Mathematics and gambling are intertwined; however, mathematics is considered a much more socially acceptable field

Part  II: Canadian Gambling Takes Two Steps Forward, One Step Back  (As Always)

Part II: Canadian Gambling Takes Two Steps Forward, One Step Back (As Always)

Posted by: on Sep 13, 2016 | No Comments

Read Part 1 of this article

Quebec’s Parochial (Knee-Jerk) Reaction

It’s true that most governments need a lot of hand-holding before they get their

Canadian Gambling Takes Two Steps Forward, One Step Back (As  Always)

Canadian Gambling Takes Two Steps Forward, One Step Back (As Always)

Posted by: on Sep 2, 2016 | No Comments

Gateway Casinos and Entertainment has finally opened the doors to the Grand Villa Casino in Edmonton. This lavish gambling and entertainment destination cost $32 million to build and boasts of 600 slot machines, 28 table games, central bar, restaurant, pub and fast food restaurants spread over