Defining recession is not an easy issue specially when there is no widely approved definition for recession. Newspapers and popular business tabloids suggest that recession is a period of general economic decline that causes and results in decline in the Gross Domestic Product of a country for two or more consecutive economic quarters of a financial year. The conventional associated indicators, causes or results of recession are considered to be a decline in stock market figues, dropping realty sector prices, and a steep rise in unemployment rate. Yet, the definition does not emphasize on any such consequences and hence it cannot be termed as a universal definition of recession. Furthermore, with this definition of recession that depends on two quarters of financial year, it is very difficult to mention the exact point of time of the beginning of recession and it is impossible to suggest what was the actual cause of recession. That is, recession remains a mystery. Continue reading

One amazing similarities between other ideologies and libertarianism is the thought that each one of them has decided that whatever programs are currently in place, we are absolutely sure that everyone is living at the expense of everyone else, that everybody is at once a parasite and a host. Most people think that it is something intrinsically wrong with human nature when they look around and see the government hurting their citizens, the governments hurting each others’ citizens, the woman and the minority being paid less than racial majorities for a myriad of sociological reasons, businesses being in cut-throat competition with each other, men killing, raping, murdering, etc. Continue reading

It is probably an often thought question, but rarely answered correctly by most of the people. What makes a country like India poorer than a country like say America? I have tried to answer this question since I was a kid, then as an adult.
Lets see, most people might answer to that question as “India is poor because it lacks so and so “, the effect being something India does not have because its poor, and US has because its richer, and not a cause of Indian poverty. For example, some people might answer
“India is poor because it lacks infrastructure western countries have”, or
“India is poor because of lack of education among people”, or
“India is poor because its very corrupt, and it has politicians who manipulate people etc etc”.

Elliot once said that “Books are the quietest and most constant of friends; they are the most accessible and wisest of counsellors, and the most patient of teachers.”
It is hard to argue against that, books are the most patient and wisest teachers. We learn a lot deal of things through books, books are the building blocks of our ideas and though process. Books actually are the raw material provided to us by the precedent generations to use their experiences, knowledge and desire to explore better terrains of life. Books are not only the best friends; they are a challenge for us, a challenge to develop more, to beautify the ideas further, or to at least learn that, which already has been mentioned, searched, thought and quoted in the book.
Books give us a chance to look further, think forward, and create better and revolute the life to achieve new heights.
A book can change your life, giving you new dimensions to think forward and create your own ventures to relish and enjoy. A book let you live more than one life, it let you explore the territories of ideas you never had thought of. Continue reading

Prostitution is considered as misdemeanour or a “lesser” criminal act in almost all United States except Nevada, where the state government allows licensed brothels.
The police investigate and arrest persons involved in prostitution, even FBI glorifies itself from time to time while fighting against interstate prostitution.
A proper examination and understanding of the activity of prostitution and its prohibition explains that prohibiting or il-legalizing prostitution is a wrong step causing wastage of resources, reducing the quality of life and the individual liberty in the society. Continue reading

Energy is no different from a river, it flows or it is stored. We obtain all the required energy from the stored energy resources, otherwise we construct dams to capture the flowing energy and hence make it usable.
The fake term “renewable energy” often used and advertised by environmentalist is nothing but the stored energy of the sun.
In reality, there is nothing like “renewable energy”, every energy resource including the sun is limited.
Environmentalists often shout against the use of Fossil fuel energy. Fossil fuels are also nothing but stored solar energy. The capturing of solar energy in form of fossil takes millions of years and fossil fuels are highly concentrated source of energy, almost 10 times more concentrated than wood. The wind energy or raw solar energy the flow of energy is too weak to be used. Solar energy is 10 to 50 times less concentrated than fossil fuel. There is no technology to concentrate solar or wind energy and hence, to harvest any significant amount of energy directly from flowing solar or wind energy, the only way is to use more and more land, but land space is limited and that limits the use of both solar and wind energy. Continue reading

Reserve Bank of India does not produce wealth, but yes, it does produce currency by printing out notes out of thin air to meet the fiscal deficit requirements. When the RBI print out currency to fulfil the requirements of government, the currency reaches the market and that causes inflation and acute price rise.
The current acute price rise in India (especially in food sector) is evidently the result of the government stimulus it provided on behalf of borrowing from RBI that in turn simply print and dolled out currency in the market to increase the liquidity. Now those “stimulus” for the market is causing problems for the common man. That is, although government borrows money from RBI, which in turn, prints out money at the demand of politicians and government, the actual borrower who suffers the burden of debt is only the common man of India who has to face the yawning mouth of inflation every second day. Continue reading

It is very common to hear some environmentalist on any main stream media freaking out about the global warming and rehashing the swan song of environmentalists concerning assumed disasters that await the world if it carry on with its evil ways of fossil fuel consumption: the disappearance of islands beneath the sea, the flooding of coastal cities, more severe droughts and hurricanes, famines, disease, the displacement of tens of millions of people from their traditional homelands and the disappearance of glaciers.
However now the climate is surely changing and in this new climate, those environmentalists surprisingly are accepting their faults, yet they are not ready to take the responsibility. Continue reading

War has a Role in Peace
While accepting “Noble Peace Prize” at Oslo, Obama did not forget to mention his recent decision to escalate conflict in Afghanistan soil. He further argued that his decision to increase 30,000 some more US troops in Afghanistan is justified to protect the world from terrorism and extremism and to maintain peace.
In short, Obama declared that wars are essential for the establishment of peace. He also paid his tribute to his “Heroes” Mahatma Gandhi and civil rights leader Martin Luther King.
Some will say that Obama wrongly mentioning Mahatma Gandhi as his ideal; Mahatma Gandhi obviously is known as apostle of peace and pacifism. How could a Gandhian support wars? Could Gandhi be a supporter of wars? Are not wars the ultimate and most excruciating form of violence? Continue reading

Often the politicians assume that it is their responsibility to provide certain services like health care or education for the needy on behalf of the compulsory tax collected from the common citizen. Thus, they propose the single payer socialized Universal Health Care System or Universal Education System with the theme of Education for All, where everybody is free to take free advantages of the medical care or education system, while government pays for the cost of it. The general intention of such politicians who exhort such an idea is to gain the public vote; it is nothing different than bribing the voters monetarily in order to get their votes to make a government. Continue reading