Prohibition: Archaic Remedy That Failed (Part 4)
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)
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)
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)
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)!
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
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)
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)
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
60 Years of Economic Growth In Five-year Installments
When India first won its Independence, it still had a long way to go before it could become self-sufficient. Carving out large chunks of industry and commerce as state-run establishments under the socialist structure that our nation’s leaders outlined seemed like the best way forward. And now, 60 years later, we are still following
Landmark GST Bill Opens India to a Common Market System
Somewhere along the path of errors comes a cumulative benefit. India has passed the much-awaited Goods and Services Tax (GST). The Indian Parliament voted 197 in favour of this bill with none against in the Rajya Sabaha. This bill is being hailed as a landmark tax reform and the biggest since Independence. Under the new bill, the existing system of Value Added Tax (VAT)
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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