You are hereEconomics
March 11, 2010
January 28, 2010
A market-based economic model is the most effective tool for putting the economy back on rails and a mechanism in this regard needs to be evolved in collaboration with the private sector for progress and prosperity of the country.
November 23, 2009
There was a time not too long ago when America's healthcare was considered the best in the world and it was affordable to all. "Instead," as Gabriel E. Vidal wrote recently on Mises.org, "health costs reflect the distortions that government regulators have introduced through reimbursement mechanisms created by command-and-control bureaucracies at federal and state levels."
November 20, 2009
From an economic perspective, Obama's stimulus plan is equivalent to a giant welfare scheme. Instead of the money going to lower income Americans, however, it is meant to go to municipal bureaucrats of various stripes. Instead of productive American citizens determining what to do with their own scarce resources, the state is stepping in and dictating how they will be used.
Lahore May 25, 2009: Alternate Solutions Institute, first free market think tank of Pakistan, has launched and successfully completed the first session of its ambitious project, The Bases of Economic Freedom: A course for the beginners. The course aims at teaching and promoting the virtues of fundamental individual rights and economic freedom. The first ever batch consisting of 21 participants was selected from students, teachers, activists and young professionals who were brought to Ayubia for 5 days’ activities.
So you notice that your income has shrunk, you may even have lost your job. So you decide to trade in your gas guzzler for a small vehicle and even reduce your monthly car payments, if you have such. And in other realms of your life, too, you may be making adjustments to cope with the general economic downturn. You cook at home instead of eating at your favorite restaurant; you do not purchase that pair of shoes you would have otherwise, etc., etc.
The article, "Government, my foot!" argues that governments’ delivery of goods and services throughout the world has suffered a steep decline. This is more so in countries which have transformed into elitist states and where production and distribution of goods and services is heavily controlled by governments. Pakistan is one such country where government’s control has disabled both its economy and society. It presents a classic case of how a government fails its people and makes their life miserable.
With turmoil in the world’s markets, politicians and commentators have been demanding more regulation and control of the financial sector. Their reaction is entirely predictable – but entirely wrong.
