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Free Markets
I Wasn’t Talking to You
The dark lord says:
The typical arguments are made by the right too. If the economy is going good “see, the deregulation has brought about unprecedented wealth. How can you propose more regulation?”
When the economy goes bad, we get the answer “see, the crisis is brought about due to regulation in the housing mortgage market. How [...]
Pragati Alert
I have written the opening editorial for the March 2009 issue of Pragati. It should be out any time now. This is how it starts:
A visitor from the 17th century would be rather surprised to learn that the United States of America of 2009 is in distress. He would of course be no stranger to [...]
When Free Markets Are a Bad Thing
A year back, we were visiting my wife’s relatives. The head of the family, my wife’s uncle, used to be in the police force before he drank himself to death.
As is the norm in these cases, his eldest son was given a job in the police department. Of course, he had to pay a bribe for the [...]




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