Reason for Liberty

Cost-Push Doctrine

The believers of the cost-push doctrine think that an increase in demand would not raise prices in a situation where unemployment exists. They think that it would lead to more employment and hence, more production. They blame the price rise on some arbitrary power such as the rise of some costs. The prices, in their opinion rise when certain costs rise and they would be satisfied to leave the matters at that. Let’s perform a mental

Whatever be the popular perception, in reality, the tendency

has been that the supply increases each and every year. If so, the real effect has to be that the prices should fall every year. In fact, the impact of rising supply has been so overwhelming that in United States, prices have fallen every year from the mid half of the eighteenth century to 1940, with the sole exception of Napoleonic wars, Civil war and World War I. It was only during the wars

Before I start lemme clearly define what is a voluntary relationship and what is an involuntary relationship.

Voluntary Relationship: A voluntary relationship is defined as a relationship which involves no coercion between the two parties. For example marriage is a classical example of a voluntary relationship. A romantic relationship is also a voluntary relationship. Your relationship with a shopkeeper from whom you just bought something is also mutually voluntary and consensual relationship.

Involuntary Relationship: An involuntary relationship is defined as a relationship which takes place as a matter of compulsion on one or both the parties. For example slave-owner relationship is an involuntary relationship, a bondage labor is an involuntary relationship. Your relationship with a highway robber who just robbed you is also a non-consensual involuntary relationship. Continue reading | 6 Comments

Oil and commodity prices are soaring. Inflation has reached a sixteen year high. As the thief who cries “Catch the thief!” the politicians are blaming it on everyone else, except their own policies. Economists are placing the blame on a food shortage. Everywhere, the effect is being confused with the cause.

Imagine a world where chauvinism is snubbed if among men sharing a common belief but eulogized if among ones sharing a common political or provincial frontier. “What?” One might ask. If you have no idea what I am talking about, that is the very essence of patriotism - a connive of fiendish statesmen who knew creating an Us Vs Them dynamic is the first phase of oppression.

Let us take the case of a soldier, the highest exemplification of patriotism. Continue reading

Semantics are often manipulated to cash in on the virtues of certain concepts. In the earlier times this strategy was adopted by religion. Presently, it is politics which plays the game. The underlying tactic is simple. When a virtuous concept is given a bad connotation, or lumped with the worst of men, it is obvious who would be the profiteers. It is hard to believe that such a smear tactic is done with no such intention at all. Continue reading | 1 Comment