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 ...

The Pakistan Government is Universally Less Efficient

The Pakistan Government is Universally Less Efficient
The Pakistan government is universally less efficient in running any business. Private ownership is miles ahead in doing the same things better. The problem here is that the government controlled entity when it makes a mistake doesn’t go bankrupt as the funds keep being funneled in by the government, whereas a private firm is put in severe jeopardy ...

Fallacy of Taxation

Fallacy of Taxation
Why should people and businesses be brought under the tax net? Are people and their personal property a slave to the government that it should also have to be taxed, even after owning its rights in the first place? The larger tax bracket means the government gets more involved in the lives of people and as ...

Is Imran Khan The Savior?

Is Imran Khan The Savior?
Is Imran Khan the savior? Consensus is that he’s not corrupt. He genuinely wants to help the country and the poor. He wants the government to step in and give money to the poor so that they can at least survive and live with some dignity. It appears Imran Khan might be the savior this country has been waiting for. ...

What Central Banks Should Do To Deal With Bubbles?

What Central Banks Should Do To Deal With Bubbles?
What central banks should do to deal with bubbles? Should they tighten their monetary policy? Should they loosen it? Should they become extra cautious? Is there some place for the banks to actually not do anything? The main point and the most important to note from the classical economists is not to intervene. All these ...

Pakistan And Its Identity Crisis

Pakistan And Its Identity Crisis
  Pakistan and its identity crisis has its roots in disowning the history of it’s very people. It’s the history of the Indus Valley, and what Aitzaz Ahsan explained more thoroughly in his book: The Indus Saga and the Making of Pakistan. This wrong way of thinking has lead Pakistanis to not only losing their identity, but has ...

Indian Steel Subsidies

Indian Steel Subsidies
States impose countervailing duties, or punitively high import tariffs, when they suspect another country of gaining an unfair trade advantage through subsidies. WTO ruling against Indian steel subsidies is telling us something about how the Americans now think. Americans are  not practicing what they have been preaching for years, about free markets and free societies. ...

Profiteering During Ramadan

Profiteering During Ramadan
What a sham! Profiteering during Ramadan. You don’t say! Those who believe an owner of goods shouldn’t have a right to sell the goods he owns, for whatever price he deems fit, are demanding that his goods be given to them cheaper. No body is being forced to buy any goods if they don’t want to. It’s afterall ...

Different Productivity In A Different Country

Different Productivity In A Different Country
A person can  have different productivity in a different country! This is especially the case when one country has a developed economy and the other a developing one. It’s may seem paradoxical but it’s not because of a lack of knowledge, as the person’s has the same knowledge set, but rather because of a lack of capital ...