Nov
17
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!
Oct
18
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
Jul
21
One may wonder what the difference between gambling and insurance system is. There are losers and winners in Insurance system. Some individuals obtain more than what they paid in their premiums while some others pays more than what they ever get back. Insurance is a system of voluntary collaboration between individuals which involves redistribution of incomes of… Continue reading
Jun
4
We discussed how government interference in market causes all inflations and depressions here The Price of Rice, What caused it to go so high? And here The story of Money; what causes Inflation.
May
18
The ownership of water resources.
“What if there is a drought? Let people live or pay to live? ” -First reaction on Orkut in a thread about private ownership of rivers
As usual, people tend to freak out on the idea of privatizing the water resources like Rivers, and more importantly Oceans(yes, private ownership of Oceans must be… Continue reading
May
18
The ownership of land resources.
It’s actually very funny that people think having private ownership of something publicly owned means having to pay for it when previously it was free. Let me start with Murray Roth bard’s quote on private ownership and people’s prejudice against it. “If… Continue reading
May
7
Let me demonstrate you what caused the price increase of Rice:
I just got a historical (12 Feb. 2006) price of rice per ton in India
$236 per ton
Gold price on (12 Feb. 2006)
$550 per ounce
So price of a ton rice in 2006 in terms of… Continue reading