Top 5 Must-Reads on Free Markets
Free Market is a hypothetical market condition where manufacturers and service providers can export, import and offer services under no conditions and with zero taxes, subsidies and policies involved. Being a highly debatable topic; many economists along the years have opposed or stood by
5 Myths About Free Trade
Free trade is when governments stop discriminating between exports and imports and allow manufacturers and service providers to buy and sell products and services in an environment free of subsidies and duties. While economists around the world have been favoring this concept and
History of Gambling in India
Hindu Mythologies dating back to 2000BC have the mention of gambling in them. Indians have always tried to look at gambling as a viable solution to conflicts and a way to bridge the gap between friends and foe. The history of gambling in India has always been better than what it is now.
Choose Casino Games According to Your Personality Type
Gambling is the act of wagering something precious or of high value with the basic intent to win something more substantial under uncertain conditions. Making decisions is always influenced by the kind of personality we are, so if gambling is all about making a series of decisions, syncing personalities with casino games can give people that very important winning edge.
Prof. B.R. Shenoy: India’s Free Market Visionary
The birth of a nation represents sheer potential. Potential in terms of an unwritten future, that could go in any direction. The blank pages of history wait to be filled… with overlying goals, structure and the freedom to decide how to achieve the goals. When India became independent, it was faced with three economic models.
Factors Influencing Market Trends
Economic indicators tell us about the state of a market in the form of statistics. Analyzing economic indicators can help us predict future performance. Some common economic indicators include indices such as GDP, unemployment rate, industrial production, stock market and money supply. When a market follows a trend, this is most likely shown by certain associated economic indicators that shape the market.
Frederic Bastiat – A Rebel Against Regulation
Nothing exposes the absurdity of government regulation better than Frederic Bastiat’s satiric article – The Candlemaker’s Petition. This classic describes a petition taken out by candle makers against what they term as an unfair competitor – the Sun itself!
How Casinos Guard Against Cheats
Using techniques to gain an advantage is not cheating. For example, card counting is not a criminal activity, especially in games like blackjack and baccarat. However, just like restaurants reserve the right to admit or bar admission, casinos can ban customers who they believe are using advantage play.
Gaming Trivia
Some Relatively Unknown Facts About Gambling
Gambling has existed in some form or the other for centuries. Indian history has references of betting games as early as 3000 BC. Even Chinese history offers evidence of gambling in 2,300 BC. With a 4,000 year old history, gambling has its share of little known facts. These make you wonder about the love people have for this form of entertainment.
Sweden and the Art of Resurrection of Successful Free Trade
Throughout Europe is debt, disarray and gloom like nowhere else. However, one country has suddenly shown the entire continent, how it is done away with. Until recently, Sweden suffocated under its Keynesian principles, ‘socialist’ outlook, and social-welfare shaped policies choked growth. It has now changed its policy of constant and exorbitant government tax and spending increases.
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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