The terrorists, who kept the Taj Heritage and Oberoi Trident hostage for more than 60 hours on 26/11 were no abnormal screamingly fanatic or paranoid. They seem to be average, common and normal people. And before the 26/11 Indian media were show-casing the astounding exploration of Hindu extremists involved in Malegaon Blasts. Continue reading

Hello Dr. Piazza, I am writing this letter to you as a long time Front Sight newsletter subscriber. I always wanted to take a few courses in your institute. I am from India and a big supporter of Second Amendment. I write this letter to you in wake of the recent events in Mumbai. That massacre of Indian, American and Israeli Citizens by armed Islamic terrorists. Continue reading

One of the greatest fallacies on economic depressions is that it is caused by overproduction. "Overproduction is the natural tendency of capitalism to expand the production of commodities that does not acknowledge the limits of the market (demand). Since the production and circulation of goods is not planned and firms are in constant competition for larger profits and greater market share, capitalist's booms are always followed by busts as we see in the business cycle. In short, capitalist markets are NOT self regulatory." This Marxian myth is based on the fact that in a depression there are unemployed factors of production and unsold surplus of goods.The adherents of these fallacy conclude from this that the capitalistic system produces too much in the period of boom,which is cleared away in the depression period.

Recently, NDTV reported about the situations of the governmental hospitals in Delhi. The mortality rate of Infants in the Delhi government hospitals is about 31%, much higher than what can be expected in an average health-care system. NDTV further clarifies that, it is not the question of lack of investment in government hospitals, but the problem is more of the wastage of resources and careless attitude. It is not like India spends very less in healthcare system, yet the system is suffering from unprofessional attitude. Indian Health Minister Ramadoss scheduled an enquiry about the lapses in Delhi government Hospital systems. Watch!

Recently on Tuesday, October 16th 2008, RBI announced to inject Rs 2000 crores to help the mutual fund crisis of the Indian banks. On first account, it may sound like a real example where the government proves its significance to help and foster the economy of country, but on a little deeper analysis, it will show simply that… Continue reading