Indian Agricultural Debt Waivers: A Dangerous Economic Risk?

Guest Submission by Khush Patel Four months after the announcement of the Rs44,000-Crore Rupee Agricultural Debt Waiver Scheme proposed by the Karnataka government (approximately $6 Billion USD) Rajasthan, Madhya Pradesh, and Chhattisgarh have also announced farm waivers amounting to 31,000 crore rupees ($4.4 Billion USD). In the year 2017, the governments of UP and Maharashtra…

Why Government Intervention in the Economy is Necessary

Capitalism drives innovation. There is almost no doubt in that statement, considering today most of the world lives in one system or another that thrives based on some version of a “free market.” It would be foolish however to also ignore the great costs that these systems bring. When profit is the motive, firms don’t…

Crisis Indicators are Returning: Is Canada’s Economy in Danger?

Canadian housing has raised at incredible and uncontrollable speeds in recent years. This spike in housing prices has become problematic for cities like Vancouver, British Columbia, where it is so unaffordable that there are empty houses while tens of thousands are left without a place to live. Not only that, but if the economy declined…

The Next Financial Crisis

The next financial bubble is just about ready to burst and there is little that can be done about it. Think it can’t happen? Then consider this: [All information acquired from TheStreet.com] Risks that aren’t acute can build for a while before triggering a crisis. What’s indisputable is that debt, the tinder of almost every…