Does Lower Consumption Mean Lower Growth?

Does Lower Consumption Mean Lower Growth?
  I find it quite remarkable that after all these years Karl Marx is still held in high esteem even though he was refuted, and correctly so by Ludwig von Mises and Fredrick Hayek many a decade ago. There seems to be a general misunderstanding that saving leads to lower consumption, and lower consumption causes economic ...

Licence To Kill

Licence To Kill
Giving Pakistani security forces a licence to kill is a disastrous move. The question here is whether giving up a little bit of liberty is worth a little bit of increase in security. Founders of USA were not of this opinion. The truth they held to be self evident was about a person’s right to life, ...

Where I Am Is Home

Where I Am Is Home
Oh my beleaguered countrymen: It seems strange that you believe a person should remain a prisoner of a geographic area, that happens to claim itself to be a country. The idea behind the creation of a country isn’t that people are there to serve it as serfs. The idea is that people are able to live as freely as ...

How to Destroy Cartels

How to Destroy Cartels
How can we destroy cartels in Pakistan? There is an enormous waste of resources by the government in an attempt to eradicate this parasite. So much time, effort, and money has been used to prevent this scrooge from taking hold. And yet, cartels continue to exist in Pakistan. The solution though is not so complicated as might appear from its longevity. ...

Privatization Reduces Poverty

Privatization Reduces Poverty
It may seem paradoxical at first sight but privatization actually reduces poverty! Having fewer resources and services under the control of the government leads to a general uplifting of the standard of living of the masses. Pakistan is fraught with the public control of all the major resources and services. The result of this has been an ...

Ramadan Moon Sighting

Ramadan Moon Sighting
  The opinions are aplenty, the intentions noble, yet the results remain unsatisfactory. What makes the Ramadan moon sighting such a polarizing affair for the entire nation? There are those who believe the Central Ruet-i-Hilal Committe should be the ultimate judge of whether the moon was sighted over Pakistan. Proponents of this belief state that being one nation, a ...

Let The Rich Get Richer

Let The Rich Get Richer
  What is so terrifying about the idea to let the rich get richer? Is some kind of injustice going to befall the world if the rich keep getting richer? Just because the rich get richer faster does not necessarily mean they are doing so at the expense of the poor, not at least in a ...

Subsidized Housing In Pakistan

Subsidized Housing In Pakistan
The argument used to build the case for government sponsored subsidized housing on the surface sounds humanitarian, but economically and morally is far from it. The data that supports the assertion that access to housing helps people lift themselves out of poverty on the surface appears to be reasonable, but is fraught with peril if looked at critically. Getting ...

Liquidity Crunch Hits Pakistan

Liquidity Crunch Hits Pakistan
As the liquidity crunch hits Pakistan, the banks and other businesses are feeling the pinch.  A liquidity crunch (also known as a credit crunch, credit squeeze or credit crisis) is a reduction in the general availability of loans (or credit) or a sudden tightening of the conditions required to obtain a loan from the banks. This liquidity crunch means that cash resources are in short supply and ...

YouTube Ban In Pakistan

YouTube Ban In Pakistan
YouTube was banned in Pakistan by the executive order of the then Prime Minster Raja Pervez Ashraf. This action was taken to prevent the public from accessing the video called the Innocence of Muslims. The idea was that the ethical and innocent Muslims of  Pakistan  might become offended by this video mocking the holy prophet. The ...

Law And Order In Pakistan

Law And Order In Pakistan
  The sensible way to improve law and order, and the security situation across Pakistan is to allow the people to protect themselves. The security forces as a percentage of population are never going to be able to stop a diverse and widely dispersed threat of terrorism. The terrorists are composed of small groups that strike unexpectedly. ...

Negotiations With TTP

Negotiations With TTP
  Negotiations with TTP are expected to bring a peace to the country. Considering the nature of these organizations involved in these negotiations it makes some sense. Although, as the negotiations progressed, there was a marked escalation of violence. Almost all of them initiated by the TTP or its factions. The thing to keep in mind is this: TTP is unable ...

French Chef Refusing To Serve Pakistanis

French Chef Refusing To Serve Pakistanis
  There was a furor over the French chef barring Pakistanis from eating at his restaurant. It got none other than our friendly neighborhood Cyril Almeida, all fired up and ready for action. He not only started a media campaign but also contact the authorities (meaning the police) to take note of this craziness taking ...