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20 Dec, 2010
Raising Taxes Is Not Reducing Government Spending
December 20, 2010
The fundamental question is, who is the owner of the funds paid in taxes? Is it the citizens, who have earned the funds and who turn them over to the government under the threat of being fined or imprisoned, or even killed if they physically resist the government, or is it the government?
07 Oct, 2010
Pakistan: A Flood Of Restrictions
October 07, 2010
The government is also considering a flood tax aiming to raise Rs.138 billion (US$1.6 billion). In the current economic meltdown, such a claim looks very implausible. Moreover, taxes always discourage private and philanthropic giving. If I were taxed in the name of flood relief, I would obey but would then refuse to give to all charitable organizations. Thus a flood surcharge would only increase the flow of cash to government coffers instead of going to the many fairly effective humanitarian charities.
16 Sep, 2010
How To Make It Through The Floods?
September 16, 2010
At present, Pakistan remains hidebound by restrictions on economic activity. Inefficient and expensive law courts make it difficult to enforce contracts. Restrictions on property make ownership insecure and undermine investment. Employment regulations and corruption make it difficult to operate a formal business, driving economic activity underground, where it cannot be taxed. These factors put Pakistan near the bottom of every ranking of economic freedom and are the main reasons for its weak economy and slow growth.
15 Sep, 2010
Jobs without growth?
September 15, 2010
International lending agencies want Pakistan to launch public works programmes to contain rising unemployment and poverty, instead of focusing only on growth. This is a mirage hidden in a trap.
12 Mar, 2010
Micro-Finance: Taking A Step Back
March 11, 2010
It is evident that microfinance has helped the poor in managing their cash flows and in sustaining their income levels; however, it has not necessarily helped them to come out of poverty by increasing their income levels. We can’t turn people into entrepreneurs by just providing them with capital – if this were so, we would not have seen countless examples of “rags to riches” throughout the world without the aid of any formal credit!
28 Jan, 2010
Market-Based Economic Model Is The Most Effective Tool For Putting The Economy Back On Rails
January 28, 2010
A market-based economic model is the most effective tool for putting the economy back on rails and a mechanism in this regard needs to be evolved in collaboration with the private sector for progress and prosperity of the country.
18 Jan, 2010
The Virtue Of Hoarding
January 19, 2010
Most people would admit to hoarding money only with a tinge of guilt, because to be a hoarder carries with it the suggestion of being a miser — a Scrooge. And yet, every participant in an economy based on indirect exchange holds some amount of money and can be said to be hoarding it, that is, declining to spend it. Hoarding is a strategy for achieving personal goals or for dealing with economic uncertainty.
23 Nov, 2009
A Tale Of Two Shortages
November 23, 2009
There was a time not too long ago when America's healthcare was considered the best in the world and it was affordable to all. "Instead," as Gabriel E. Vidal wrote recently on Mises.org, "health costs reflect the distortions that government regulators have introduced through reimbursement mechanisms created by command-and-control bureaucracies at federal and state levels."
20 Nov, 2009
When Stimulus Does Not Stimulate
November 20, 2009
From an economic perspective, Obama's stimulus plan is equivalent to a giant welfare scheme. Instead of the money going to lower income Americans, however, it is meant to go to municipal bureaucrats of various stripes. Instead of productive American citizens determining what to do with their own scarce resources, the state is stepping in and dictating how they will be used.
25 Jul, 2009
July 25, 2009
For many groups like the Worldwide Fund for Nature (WWF), World Population Day [today / this Saturday / July 11] is another chance to bemoan “the relentless growth in human population,” while the United Nations Population Fund says “stabilizing population would help sustain the planet.” The problem, however, is not population but poverty.
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