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,
Argentina’s Shift to Free Market Policies Is Starting to Pay Off
From a $20 billion bailout deal with the IMF in April 2025 to the same agency projecting GDP growth for the year at 5.5% in August, Argentina has certainly come a long way.
Economic Nationalism Will Be Detrimental to Global Economic Growth
After a long and tedious history, Economic Nationalism (a focusing on domestic interests and following protectionist policies) had been shelved my most countries.
Ease of Doing Business Can Propel India’s Trajectory to Becoming the Third Largest Economy
India has long maintained a track record of being among the fastest-growing economies worldwide. The latest
Government Debt and its Impact on Economic Growth
Global government debt is at a record high, exceeding $97 trillion in 2023, which is more than 90% of the global GDP. Wait, it gets worse. This trend is expected to continue, with debt levels potentially surpassing 100% of GDP by the end of the decade.
The Real Cause of Poverty: Big Governments, Policies & Corruption
US President Donald Trump has released a $1.7 trillion discretionary budget blueprint. It calls for a whopping $163 billion cut in government spending in fiscal 2026 by dramatically curtailing the role and reach of
These 2 Policies are Crushing the UK Economy
Economic growth in the UK unexpectedly shrank by 0.1% in January 2025, a dramatic slowdown from the 0.4% growth reported for the previous month. Yet, KPMG forecasts 1.7% GDP growth for the UK this year. The country will need to grow while
Tariffs vs Taxes: Choosing Between the Devil & the Deep Blue Sea
The Trump administration’s 25% tariff on steel and aluminum imports from anywhere in the world sent shockwaves. The global stock market bloodbath stands as a testament to how unnerving this move was.
Voluntary Tax: It’s Merely a Sugarcoated Pill
The US tax code states that it is based on “a system of voluntary compliance.” However, this is a complete misnomer. Taxation in the US, like most other countries, is instead based on the phrase used by highwaymen during robberies:
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 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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