The Ayn Rand Institute has come up with an idea that I have been advocating for long: To get rid of her surplus stock of housing, the USA should staple a green card onto every property title that any foreigner acquires.
In other words, there is no need for any government “stimulus.”
All the solutions lie in Liberty.
The Ayn Rand Institute says:
“At a time when Americans are suffering from an oversupply of housing, it is tragic that the government continues to forcibly prevent millions of peaceful people around the globe from bringing their wealth, talent, and ambition to this country.
“Imagine if the number of annual immigrants increased from around 650,000 a year to, say, five million. Virtually overnight we would see money pour into the American real estate market, as millions of new businessmen and workers bought and rented homes. Not only would this eliminate the oversupply of houses, we would enjoy the broader, long-term economic benefits of welcoming legions of highly skilled and motivated individuals into the American economy.”
In India too, much bull is being generated on Chacha Manmohan S Gandhi’s “stimulus package.” We should all clamour for Liberty instead. If ganja, gambling, pornography and prostitution were legal, and if international trade was unilaterally freed, there would be millions more legal businesses – and that is all the stimulus we need. Vipin Veetil adds that the Dawood Ibrahim Problem would be solved.
In other words: The financial meltdown has occurred because of governments. Therefore, all solutions must lie outside government, in Liberty. It is doubly foolish to run to the government for solutions to problems that over-government has created.
I therefore find Soli Sorabjee’s PIL “for a direction to the Centre to equip and train the police making them capable of tackling terrorists” particularly foolish, and symptomatic of our “illiterate bar.” It means that the enemy gets the guns.
In the case of security too, we must think of solutions outside our The State. That is, private locks, private alarm systems, private guns, and private security.
This is how we must think.