India Abolishing the Planning Commission

India Abolishing the Planning Commission
India is abolishing its Planning Commission while Pakistan is trying to infuse new blood into its. In case of Pakistan the idea that a new and changed Planning Commission might do better than the old planning commission is overlooking a more pertinent question. Is there even a need for a Planning Commission? Is the governments job to ...

Pakistan Rejuvenating the Planning Commission

Pakistan Rejuvenating the Planning Commission
Pakistan’s new planning commission is uncharacteristically younger, but does having young blood really add any value? This is a big change from the past where members of the Commission were mostly retirees, hanging on to the public sector, which instead needed fresh ideas and young minds. Some would agree it’s not the age that matters much, but ...

Privatize Public Companies

Privatize Public Companies
There seems to be an false belief that if a public company is profitable it should be kept in the hands of those in government instead of private owners. Is it too outrageous to think that in certain cases the government control over the resources is so complete that there is no choice but to ...

Drug Pricing Policy is a Waste

Drug Pricing Policy is a Waste
Drug pricing policy is a waste of resources. Remove price and export barriers and see how drugs get cheaper. The prices based on the cost of production are the worst. It’s how Karl Marx and the socialists used to think before their economies collapsed. The prices are not a factor of the costs of production alone, ...

Pakistan is Delaying the Signing of PTA with Turkey

Pakistan is Delaying the Signing of PTA with Turkey
Pakistan is delaying the signing of PTA with Turkey. PTA stands for Preferred Trade Agreement. The government is delaying it probably for multiple reasons, but one of the less obvious is because the cartels are terrified they’ll be facing real competition if it is signed. This delay has nothing to do with the turmoil in the country. ...

Robots are Taking Over

Robots are Taking Over
Do you believe the robots are taking over our lives? I would like to think that a robot is just another name for better and more efficient way of doing things. More freedom from redundant tasks means more time for leisure and more time for innovative thinking. Technology has been improving at a faster and faster pace ...

Nawaz Government is Flip-Flopping

Nawaz Government is Flip-Flopping
The Nawaz government is flip-flopping. I had higher hopes from the Nawaz government but they seem to be doing the same things that they accused Musharraf of doing: Interfering in politics, using force to eliminate opponents, stopping rallies. Now Imran Khan, who’s character I admire but not so much his economic policies, is being attacked. ...

Erdogan and Gaza

Erdogan and Gaza
Erdogan and Gaza seem now a days to be intertwined. Erdogan has been issuing unusually strong statements against their long term ally Israel in support of Palestinians. Turkey is a Muslim majority nation that is relatively prosperous. This prosperity didn’t happen overnight, but is a result of steady improvement over decades. Erdogan though is poking holes in the wheels ...

Kite Flying and Property Rights

Kite Flying and Property Rights
Kite flying and property rights may not seem to be related but in a world of causal-realist thinking they are. So what do I mean by this? An example is the initiation of a recent crackdown against those who sell kites and those who fly them. Police launched the crackdown on kite flyers in the ...

French Slump is due to Socialist Policies

French Slump is due to Socialist Policies
 Declining inflation is a concern because it carries the risk of outright falling prices, known as deflation, which deters consumers from spending in the belief they can wait and buy more cheaply later. There have been so many episodes prior to the creation of the Fed in 1913 where there was deflation and then things ...