Month: November 2024

Right to Property

The US “Declaration of Independence”, 1776, states that “Life, Liberty, and the pursuit of Happiness”are unalienable rights given to all humans by their Creator. In incorporating the phrase “pursuit of happiness” in the Declaration, Thomas Jefferson (1743 -1826), a Founding Father and the 3rd president of the US,  was inspired by the English Enlightenment thinker and philosopher John Locke (1632 – 1704).

The pursuit of happiness requires one to be free from coercion by others, and the material means to follow one’s goals. That implies right to property. Continue reading “Right to Property”

Public Choice Theory

During my formal training in economics, I mainly learned price theory (also known as microeconomics) and theories related to economic development.  Only after I was done with my Ph.D. did I learn about public choice theory and constitutional political economy. Those are my favorites. Let’s talk about public choice.

What is public choice? It is not “private choice.” When you choose something in your private capacity, that’s private choice. You are self-interested and choose to do the best you can for yourself and your loved ones. You try to get the most bang for your buck, so to speak. Your private choices affect you only and you reap the benefits or suffer the costs of your choices. It’s karma. Continue reading “Public Choice Theory”

Is the Deep State Going to Win?

Diwali is over and now to some less fun topics. I am seriously worried that Trump may lose the election. We’ll know the outcome on Nov 6th early morning. I am dreading what could happen in case Trump loses. I hope the gods are kind and spare humans the destruction of the world.

I don’t really care about Trump’s tariffs, or Harris’s idiocy. They are minor and inconsequential in the long run. To me, the most critically important issue is which of the two potential POTUS is likely to lead the world into the third (and certainly, the final) world war. Trump is not a war monger; Harris, a deep state puppet, is likely to force a war on the world. Continue reading “Is the Deep State Going to Win?”