Thinks 16

A beautiful story on my favourite Mumbai book store, Kitab Khana. I hope it can re-open soon. My best wishes.

Reading: Agatha Christie short stories.

James Buchanan: “[Government] spending rates would be lower if all programs were required to be tax-financed. Government, however, may have access to both debt issue and money creation as alternative revenue sources. These allow the government to spend without taxing, which is almost the ideal setting for elected politicians. By creating deficits, government is allowed to finance desired programs that provide benefits to potential voters without overt increases in rates of tax.” Via CafeHayek.

Published by

Rajesh Jain

An Entrepreneur based in Mumbai, India.