Can you recognize this character from the second movie in the Batman trilogy, The Dark Knight? It is Harvey Dent, the crime-fighter, who after a horrible accident turns into a villain called Two-Face. His famous quirk? He flips a coin before deciding whether he takes an important decision, usually when deciding about someone’s life or […]
In the next 5 minutes, you will learn about government borrowing in India and the associated dangers. If you have always read this term in the newspaper but never understood it completely, don’t worry because I will use no jargon. Like the heading says, its in plain English. In the last post I explained what […]
Individual – Revenue and expenditure An individual like you and me earns money through the year usually from salaries, from a business income or by selling an asset like a house or stocks. We spend money on basic needs of food, clothing, and shelter, goods like TVs and motorcycles and on services ranging from haircuts […]
Well, who is this avuncular man and why did I choose to talk about him in my first post? He is Friedrich August von Hayek (1899-1992), one of the leading proponents of the Austrian School of economics.