Tariffs: A Double-Edged Sword That Cuts the One Who Wields it
Tariffs have grabbed the headlines ever since US President-elect Donald Trump’s election campaign. Countries are busy strategizing to brace for higher tariffs and engaging bilaterally with the US to avoid the imposition of this trade barrier. There are,
Fiat Money: Is It a Failed Experiment?
News of scams and cyberfraud are rampant now, and their proliferation can send chills down the spine. As many as 85% people were targets of digital scam attempts, according to the 2024 Secure Living survey across 7 countries. While such news grabs the spotlight,
Why the Next Nvidia or Netflix Won’t Be a European Company
Europe was the first major region to progress to a modern economy. The commercialization of agriculture and continuous cropping in the 17th century fueled the Industrial Revolution in the 18th century. Its history of innovation supported factory production and specialized
Global Minimum Tax Deal: The Flawed Notion of “Fair” Taxes
What do you call it when someone threatens you with dire consequences unless you pay them a part of your hard-earned money? Maybe mugging or theft? Taxes are not that different. You part with some of your money because you don’t want to face
US Sanctions: Who Suffers the Most?
In the first year of the Russian invasion, almost 35% of Ukraine’s GDP was wiped out. This marked the most terrifying recession in the country’s history. This is despite aid of over $230 billion received by Ukraine. While Ukraine has the war to blame for its economic woes,
What the US Fed Should Have Done Differently
The current state of the American economy is the consequence of a series of self-compounding errors. During the pandemic, the government announced lockdowns, stifling economic activity, and then needed to hand out trillions of dollars of stimulus to trigger economic activity.
The EU’s Carbon Tax May Hurt Everyone
On 25th April, the EU parliament voted in favour of a new law: the Carbon Border Adjustment Mechanism (CBAM). The first-ever carbon border tax aims at reducing greenhouse emissions by 55% by 2030. The legislation means taxes being levied on
Why US Casinos Shattered Records with $60 Billion in Revenues in 2022
The US commercial gaming market broke all records, generating revenues worth a whopping $60.4 billion in 2022, representing a rise of about 14% year-on-year and
Covid-19 Pandemic: A Matter of Paradoxical Logic
We have been in lockdown for 100 days. That’s a third of the total year already. Neither do I understand the logic of ordering the lockdown nor the decision to reopen. Yes, the situation is bad and the country faces an unprecedented challenge. On one hand, there are growing
What the Government Can Do to Boost the Economy After the Lockdown
The lockdown has been devasting for the Indian economy. Read here to know about the economic impact of the lockdown
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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