We, the consumers, will win the Third World War.

This image was selected as a picture of the we...

A glimpse of what a war looks like (Photo credit: Wikipedia)

I am not trolling with you folks if that’s what you think. Also, the third world war I am referring to isn’t something that will involve nuclear weapons or anything fancy. The best is that you might just remain completely ignorant about the whole war but in reality still win. Also, unlike Nostradamus I’ll actually assure you with the prediction I am making without using any kind of riddles or similar techniques. One last thing, this war will also lead to a temporary decrease in inflation.

Without further ado Continue reading

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For every economist there exists an equal and opposite economist

John Maynard Keynes Русский: Джон Мейнард Кейн...

John Maynard Keynes (Photo credit: Wikipedia)

Economics is one of the most confusing disciplines in the sense that there exists so many theories which are completely opposite to each other and yet known and accepted by many. This is really absurd in itself as we can never really expect such a thing to happen. How can we have two contradictory propositions on the same subject be held valid at the same time? It’s just crazy which keeps me even more excited to read and know this subject better. The thing is that when you already know the right thing you have no scope to create or give your opinions about anything. For instance we all know the third law of mechanics and i quote To every action there is an equal and opposite reaction. We have been learning this since years and there’s nothing that you can say or give your opinion about. While you could go deeper and start building the theory of everything, but chances are that no one will really give a damn Continue reading

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Happy ‘65th’ Birthday Independent India!

Indian Flag

Indian Flag (Photo credit: Mediocre2010)

It’s one of those days of the year when you always end up finding a reason to be proud of this country. Everything that you have been cribbing about looks so small in front of the diversity, the kind of people, the culture, the heritage, the art and I could just keep going on. I fondly remember the time when I first heard the conversation between Indira Gandhi and Rakesh Sharma. Continue reading

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We are all mostly Irrational!

When is $11 bigger than $10,000?

When is $11 bigger than $10,000? (Photo credit: Canadian Pacific)

Irrationality is something that completely amazed me soon after I attended TEDxHRC this afternoon. I spent a few hours thinking about it and I simply couldn’t stop myself from writing this blog after that. I am sure you will like what you read ahead.

To begin with, irrationality is a human behavior that can only be supported with false or no reasoning at all. Economists believe that all humans are completely rational but I strongly disagree. There are instances from everyday happenings, things that we see around which will clearly show how irrational human beings are. What’s more surprising is that you and I can actually see this irrationality but still fail to act differently. The human mind is at fault, which leaves much scope for evolution. Continue reading

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The below poverty line people are going to be above poverty line for a day. Thanks to our government.

Agricultural labourer in South India. A face t...

Agricultural labourer in South India. A face that speaks volumes. (Photo credit: jankie)

The government is planning to give mobile phones to people who earn less than poverty line benchmark (Rs. 23/day) set by the planning commission. This has called for a lot of disappointment amongst the people who believe that giving mobiles is like adding insult to injury. I am going to add my bit of disappointment in the matter too. Personally I feel it is a really stupid decision on the part of the government. If they really wanted to get some votes they could have probably given them some food to eat. Besides that I can’t digest the fact that they are planning to spend Rs. 7000 cr on this. They really need to learn how budgeting works. Continue reading

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