In this interview, Dr. Madhusudan Raj discusses India & its economy from an Austrian perspective, and gives us insights on the root cause of what has created the many and various economic and social problems in our country. He is one of the only Austrian economists in India who is doing incredible work educating Indians on the principles of Liberty & Free Markets.
You can find his work at https://misesindia.in
Subscribe to my email list – https://anarchyforfreedom.us20.list-m… My website: https://anarchyforfreedom.in/start-he… Timestamp: 1:30 – How Madhusudan came to be an Anarchist / Austrian Economist 5:30 – Why we are not taught Austrian economics in school 10:00 – Impact of Soviet-styled Socialist central planning on India 13:30 – Why the 1990s economic reforms weren’t real Privatization. 15:00 – How Government Disinvestment & Privatization compare to real free market privatization. 19:00 – What is Libertarianism and how does it compare to Socialism? 26:20 – The negative consequences of price controls, minimum wage laws, restrictions on trade & imports, etc. 31:20 – Is Arvind Kejriwal our potential savior? 33:00 – Why profits aren’t evil (and the functions of profit and loss) 34:30 – Does Make in India make any sense? 37:30 – Are the problems caused by the banking system due to Capitalism or Socialism? 40:30 – Effects of Inflationary policies 44:00 – Can creating more money increase real wealth? 49:00 – How central banks (RBI) create boom and bust cycles 56:30 – Dangers of a cashless society 59:30 – What is our way out of all these problems?
Related topics that you can research further: – Mark Passio & Natural Law – Stanley Milgram Experiments – Larken Rose The Most Dangerous Superstition – Murray Rothbard for a new liberty – Why taxation is theft – You don’t have the right to believe in Government – The Non-Aggression Principle & the Self Defense Principle – Self ownership & Property rights acquired via homesteading – Why Government is Slavery – Austrian Economics, the works of Walter Block, Hans Herman Hoppe, Robert Murphy, etc.
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