Three fascinating new takes on Mumbai as an international financial centre:

Mukul Asher and Azad Singh Bali in DNA a few weeks ago.
In the February 2010 issue of Pragati released yesterday, there are two articles on this: by Percy Mistry himself, and by V. Anantha [...]

Ilana Mercer concisely and elegantly makes a point that I’ve been harping on among big-L Libertarians for some time.
“Targeted tax credits” aren’t “incremental moves toward liberty,” they’re just social engineering — shifting the tax burden from those who spend their money the way bureaucrats decide they should spend it, and onto those who spend their [...]

I wrote a column in Financial Express about Obama’s left turn.
Also see:

The associated editorial in Financial Express.
White House nightmare persists by Ed Luce in the Financial Times.
Neil Irwin in The Washington Post on the difficulties that Bernanke is facing on [...]

Quoth Thomas Frank in The Wall Street Journal last week:
This was once a familiar line of criticism: Big business’s sin was that it wasn’t entrepreneurial enough. If given the opportunity, business would use government to form cartels and suppress competition. Free markets must thus be protected from the grasp of the corporate monster. The way [...]

As the months are going by, we’re slowly building a better picture of what went wrong and why. If you want to only spend two hours on figuring out the financial crisis, then listen to this interview with Charles Calomiris, and read this interview with Raghuram Rajan.

In tomorrow’s episode of John Stossel’s new show on Fox Business, he will address the question, “Who is Wesley Mouch?” in speaking to the parallels between Atlas Shrugged and contemporary America.  As one might expect, in my view it seems as if almost all businessmen (given their predilection towards using government to destroy markets to [...]

From The Economist (link):
“Nevertheless, it is unclear how a transatlantic row can be avoided along the lines of the spat in 2001, when a planned merger between General Electric and Honeywell caused a stink. The commission worries that a union between Oracle and Sun would reduce competition in the market for corporate databases. Oracle is [...]

I wrote an article in Financial Express titled The problem of big banks. On this subject, also see:

In the world of banks, bigger can be better, Charles Calomiris in the Wall Street Journal.
A three-way split is the [...]

Folks, I have bad news for you. The Barack Obama Health Care Reform (shepherded through by Nancy Pelosi) will be, as written, an utter and unmitigated disaster. It attempts to do two things which are, in combination, impossible. First, it makes health insurance much more widely available through the mind-boggling deal it made with the [...]

You will, from time to time, see people ask for more regulation of markets. I don’t really need to cite any examples, do I? They’re all over today’s newspapers, claiming that unregulated or deregulated or free markets are responsible for the collapse of various businesses.
There is no such thing as an unregulated market, however. [...]