SWIFT: Time to Break Free from Centralized Oversight of the West?
The Society for Worldwide Interbank Financial Telecommunications (SWIFT) is the most widely used messaging network today to facilitate financial transactions between banks and other financial institutions.
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,
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.
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
Covid-19 Pandemic: The Hidden Story
On March 24, the Government of India ordered a nationwide lockdown, restricting 1.3 billion people from traveling to their workplaces in the face of the coronavirus outbreak. The lockdown, which was initially planned for 21 ways was later extended till May 31. Before
Can Government Intervention Help Economies Fight the COVID-19 Crisis? (Part 1)
The coronavirus pandemic is a human tragedy, given its high death toll. But this deadly virus has infected more than human health. It threatens to send the global economy spiraling into a recession.
What India Can Do to Prevent its Economy from Becoming a Casualty of the Coronavirus
Coronavirus is officially a pandemic. The outbreak, which originated in China, is tragic. While its impact on health and life is a major concern, its impact on the global economy could continue to be felt long after this novel virus
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
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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