HOME 2019-08-10T23:38:08+00:00

CONTRACT  WITH  INDIA

…our mission is to make India great by developing and promoting policies based on the principles of limited government, free markets, individual freedom and rights, equality of justice and individual responsibility…

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IN THE PRESS

31stOct, 17

LAISSEZ FAIRE–LESSONS FOR INDIA’S BIG GOVERNMENT

Even Mr.Modi’s most ardent critics will acknowledge his immense enthusiasm and self-belief. But it is his misguided belief that he can somehow “fix” the economy that may be responsible for India’s current economic issues. The economy is a complex, dynamic and fast evolving ecosystem with millions of stakeholders each with their unique set of needs. Knowledge about the resources available to meet these needs is dispersed in small, localized bytes [...]

22ndOct, 17

REFORMING INDIA’S WELFARE SYSTEM

Most countries provide some form of welfare assistance to those who are less fortunate. And while there might be disagreement on how to deliver such aid or even who should receive it, few dispute the principle of a basic safety net. India’s current welfare system suffers from two major inefficiencies: High bureaucratic costs associated with running these programs, and massive leakages from the system. Estimates by the Ministry of Finance [...]

14thOct, 17

ECONOMIC FREEDOM–INDIA’S PATH TO PROSPERITY

Economic freedom is the bedrock of modern capitalist societies. It is based on personal rights, voluntary exchange, and open markets. The link between economic freedom and prosperity has never been clearer. The chart below shows the results of a study of more than 150 countries over a twenty year period conducted by the US-based Heritage Foundation. The 1st and 2nd quartiles represent countries that are rated “free” or “mostly free,” and quartiles [...]

30thSep, 17

I AM A LIBERTARIAN–ARE YOU?

Libertarianism is the philosophy of liberty--of personal, political and economic freedom. The modern concept of liberty emphasizes the right of individuals to live as they choose, to speak and worship freely, to own property, to engage in commerce, and to be free from arbitrary arrest or detention. A free person is free to do as he chooses, with his own person and property, as long as he does not violate [...]

23rdSep, 17

10 WAYS TO GET THE ECONOMY MOVING

There are reports that the government is contemplating a Rs. 50,000 crore stimulus to boost the economy. The notion that governments need to stimulate aggregate demand when the economy slows down was first proposed by economist John Keynes in the 1930’s. This Keynesian approach to fighting economic downturns by increasing government spending has been tried unsuccessfully in the US, Japan, and many European Union countries and is unlikely to work [...]

16thSep, 17

CAN MODI TRANSFROM INDIA

Mr. Modi came to power with the promise of being a transformational leader. But most of his recent “big bang” ideas have been anything but transformational. Transformational ideas should not be confused with governance. Building 10 Km of new roads a day, constructing toilets, providing infrastructure for power and clean water--these are all issues of governance. Citizens expect good roads, continuous power, and drinking water in return for paying [...]

6thSep, 17

INDIA’S NEW RULES ON HIRING

No relevant background for the job, no problem. India has set a precedent by being the first country to make it illegal for employers to ask for a candidate’s experience, track record, or background during an interview. Henceforth, all candidate names will be put in a box and a random draw will determine who gets hired. Of course, considerations will be given to caste to ensure that all castes have [...]

21stAug, 17

RAM MANDIR OR BABRI MASJID

Recently a friend of mine lost her mother. The 'chautha' meeting was atypical of a Hindu-family prayer meeting. There was a Muslim muezzin, a Sikh granthi, a Hindu bhajan singer and a Catholic priest, each of whom delivered a beautiful chant and sermon to honor the dead. It was the most heartwarming and beautiful prayer meeting I had ever been to. And it got me thinking: Where else in the [...]

15thAug, 17

HOW MODI CAN TRANSFORM INDIA -4

Dear Mr. Modi: In the first three parts of my letter to you, I argued that the principal cause for many of India’s problems was a big government that tries to do too many things as a result of which it ignores the things it should be doing. Eventually, the government does nothing well. This, unfortunately, has been the history of government in India. A small government that does a [...]

2ndAug, 17

HOW MODI CAN TRANSFORM INDIA – 3

Dear Mr. Modi:  (Part 3) In Part 1 of my letter, I analyzed four of your recent decisions to illustrate the sizeable expansion in the power of government under your administration. In Part 2, I outlined the primary reason for your recent policy failures: focusing entirely on the immediate visual effects of a policy but ignoring the unseen secondary costs. For example, when we account for unseen costs, we find [...]

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