Monthly Archives: August 2012

When Central Bank Economists Dont Understand Central Banking

In this post, Robert Wenzel explains how economists at the New York Federal Reserve Bank – the bank that implements the monetary policy decided on by Ben Bernanke and his colleagues in the Federal Open Market Committee – do not … Continue reading

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On Austrian Methodology and Praxeology

Blogger, analyst and economic hot-shot, John Aziz, recently posted at his blog, Azizonomics, a criticism of Mises’ and Rothbard’s methodological approach: “A Critique of the Methodology of Mises & Rothbard” The rather convoluted background here is that shock-jock Max Keiser got … Continue reading

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Why Public Schools Should Be Privatised

Schools should all be privatised, so they are no longer political tools. “A total of 41 schools in the Northern Cape would remain closed due to a high level of intimidation, the basic education department said on Wednesday,” reports News24.com. … Continue reading

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The daft world of patents

Below is an extract from the Wikipedia entry “Apple Inc. v. Samsung Electronics Co., Ltd.” Behold the convoluted mess… U.S. courts Apple accused Samsung of infringing on three utility patents (United States Patent Nos. 7,469,381, 7,844,915, and 7,864,163). Apple also … Continue reading

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IP: Intellectual Property or Insider Privilege?

Last week a US court ruled that Samsung Electronics had to pay $1 billion to Apple Inc. for patent infringement. Samsung made a cool $6 billion profit in the 2nd quarter of 2012 on revenue of nearly $50 billion, so … Continue reading

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For Real?

From the FT: Reagan also set up a gold commision.  Nothing changed.  But that was then, this is now.  The real questions are: Is this just placating Ron Paul supporters at the GOP convention? Possibly.  Do we really want a … Continue reading

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First money and laws being debased, now words too

If you want to know how to debase words and trust, look no further than Greek Prime Minister, Antonis Samaras. From the Mail Online [my emphasis]: ‘The Germans will get their money back. I am guaranteeing that personally. We  will fulfil our … Continue reading

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Jesus Huerta de Soto on what drives stock markets

“Fluctuations in the value of capital goods, which arise from variations in saving and the interest rate, also tend to spread to the securities which represent these goods, and thus to the stock markets where they are traded. Hence an … Continue reading

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SA in the spotlight

Put it this way: It’s unlikely to make SA risk premiums go down.

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SA’s “creeping socialism” of the 1970′s and its prospects

Unz.org is a treasure trove of perspectives on historical problems from its contemporaries. Reading now what were written then, often an eery feeling of familiarity presents itself. Here is Marc Swanepoel in 1973, writing as foreign correspondent from South Africa … Continue reading

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