The Ludwig von Mises Institute South Africa defends the market economy, private property, sound money, and peaceful international relations. We believe government intervention is economically and socially destructive. This is our blog.
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Circle Bastiat
Fraud. Why the Great Recession?
Watch this crowdfunded documentary produced by Austrian school economist Jesus Huerta de Soto, author of "Money, Bank Credit, and Economic Cycles," on what caused the Great Recession. Click to watch it free online.
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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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
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
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
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
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
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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