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Change Direction In U.S. Policy Towards Counter Terrorism: Focus On Rule Of Law

May 15, 2011

By Wiktor Wojciechowski, Sergio Daga & Ali Salman

For the U.S. aid efforts to be effective, ineffective economic grants must be supplemented with aid directed towards the civil administration and a criminal justice system to enforce the rule of law. It is time for U.S. policy-makers, as well as U.S. tax payers, to build pressure on their administration to do the right thing. It is time to focus on rule of law.

What About Internal Sovereignty?

May 10, 2011

By Dr. Khalil Ahmad

Sure, the nationalists’ anti-American stance and dubbing the present government as US-backed validate their argument. Indeed, by way of inference also, most of these nationalists lean toward the Taliban who are openly attacking the sovereignty of Pakistan. But it seems they have no idea of internal sovereignty, but are concerned only about guarding the external sovereignty of Pakistan which is in no danger by the Drone attacks.

Tunisia’s Free Trade Revolt

May 3, 2011

By Tibor R. Machan

How ill conceived it is that government is thought to be authorized to regiment people’s economic activities and affairs should be plain to anyone who understands a thing or two about human liberty. But what happened in Tunisia to set off the recent rebellion might illuminate the point a bit. Here is what we find in the pages of THE WEEK (February 19, 2011, p. 48), originally published in The Times/N.I. Syndication:

“[Mohamed Bouazizi, the] young [street] trader had been in trouble with the authorities before....Under the dictatorship of President Ben Ali, permits were required for every form of business activity, often accompanied by a bribe. Bouazizi’s family would later claim that he had refused to pay the bribe demanded by the officials....According to other fruit and vegetable pedlars, vendors have a choice when faced with a municipal inspector: they can flee, and leave behind both borrow and merchandise; pay a fine equivalent to several days’ earnings, or fork out a bribe. Bouazizi, it seems, was not inclined to do any of these. When [a 45 year old female inspector] Hamdi began seizing his applies, he tried to grab them back, and she slapped him in the face....”

Forsaking Institutional Sovereignty

By Dr. Khalil Ahmad

April 29, 2011

Had he not bowed down to the outside pressure on his sovereign office to reinstate the deposed Chief Justice Iftikhar Muhammad Chaudhry and other judges, and his party’s Prime Minister not withdrawn his orders of putting ISI under the control of the Interior Ministry, I would have been madly in love with President Asif Ali Zardari and his government! Alas, in Pakistan wishes and interests of a select few reign supreme, not the constitution of the country!

Reliving Pak Tea House

By Dr. Khalil Ahmad

April 24, 2011

The demise of the Pak Tea House is symptomatic of the crisis of intellectual independence and private initiative in Pakistan. The premises is still there, existing with its symbolic glory, waiting for someone with entrepreneurial spirit to make use of its huge potential, who would turn it once again into Pak Tea House? Let’s see who reinvents and relives the Pak Tea House!

A World Without Rules

By Dr. Khalil Ahmad

March 11, 2011

There are only two things we should fight for. One is the defense of our homes and the other is the Bill of Rights. War for any other reason is simply a racket.
[Major General Smedley Butler, War Is a Racket (1935)]

Legislating Middleman’s Ouster

By Dr. Khalil Ahmad

March 2, 2011

The middleman tends to be eliminated . . . He can only be safely eliminated by natural processes. Sometimes he is of real use and helps production; sometimes he is not; but this cannot be decided by a blind strike, but only by allowing the forces of competition to act upon him.
[Hon. Auberon Herbert]

Economic Backbone: It’s None Of Your Business

By Nyda Mukhtar 

February 21, 2011
 
They are capable of resuscitating a dying economy and of making third world countries first world powers. They can develop cities and rural areas, put an end to wars, and make societies and communities stronger.

Next Elections Next Month

By Dr. Khalil Ahmad

February 13, 2011

Then there was the Raymond Davis episode that proved to be a blessing in disguise to each and everyone fond of trying his / their hands at politicking. Both provincial and federal governments are making political hay while the Raymond Davis’ sun shines. This long queue also includes so many of those who are determined to fight and defeat US the Super Power in Lahore. What a great opportunity they have got to wage the 3rd World War against the last Super Power! (These politicos plan to be the next themselves!)

The Cruelest Tax Of All

By Sarel Oberholster 

January 31, 2011
 
The zero-interest-rate policy deserves closer scrutiny. Would a saver willingly agree to an economic environment of zero interest rates? Certainly not. Would a debtor prefer a zero interest rate? Absolutely. The saver and the debtor would, under normal, willing-economic-participant conditions, negotiate a "price" for the use of money saved. That price for the use of funds is interest.
 
The central bank enters the negotiation between saver and borrower, and by counterfeiting money it destroys the negotiating base of the saver. Counterfeiting money through policies of unlimited liquidity provision is a "price control" over interest rates, instituted to force interest rates down and eventually spiral them downwards out of control to zero. The interest income of the saver is eventually taxed to extinction at zero interest rates.

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