Monthly Archives: September 2012

What Reserve Bank Economists Are Up To

This is what Reserve Bank economists get up to on the job. The following is the abstract of a Working Paper published by Reserve Bank economists Mr Franz Ruch and Mr Dirk Bester today, titled “Towards a Measure of Core Inflation … Continue reading

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Nine Out of Ten Public Schools Dysfunctional

Paul Colditz, CEO of the Federation of Governing bodies of South African Public Schools (FEDSAS), said in comments to Times Live that close to 90% of South African public schools are dysfunctional. As I have written before, the reality is that only the profit … Continue reading

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Re: State v Liberty and Appreciating Legalised Plunder

Simon: Just to add to your point: The majority of people do not oppose taxation, because they believe this is a means to uplift so-called poor people. But have the former people ever considered that when they are robbed by … Continue reading

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Reports That North Korea Will Give The Profit Motive a Try

This could be big for North Korea. At the moment, farmers in North Korea are allowed to keep enough of their produce to feed their families, while any excess produce is turned over to the state. Now, two farmers are … Continue reading

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Want to Study in Your Own Time on a Budget? Visit the Mises Academy

South Africans who have a desire to learn more about political economy, economics, and philosophy in their own time, from the comfort of their home, on a shoestring budget (compared to university), will be blown away by what the Mises … Continue reading

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The Regulated Market Foundation

For all it’s good work, The Free Market Foundation of South Africa is barking up the wrong tree when it comes to intellectual property. Jasson Urbach, a superb economist, has penned an article lauding IP law as one of the backbones … Continue reading

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Some good reading

Here are some recent great articles on Mises.org. Why QE3 Will Fail – Murray Rothbard Is the “Fiscal Cliff” a Threat to the Economy? – Frank Shostak The Economic Consequences of Cheap Money – Ludwig von Mises Also don’t miss … Continue reading

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Why the Austrian view of money and inflation is more important than ever

One commenter on ChrisLBecker.com writes: “Inflation is always and everywhere a monetary phenomenon” – Milton Friedman. Anyone who has been near a first-year economics course must have heard this famous quip. Many people beyond that as well. Honestly, the continued … Continue reading

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What makes up the South African petrol price?

A litre of 95 Octane unleaded petrol in Johannesburg costs R11.97.  1/4 is taxes, and government controls about 42% of the final price.  

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Why the private sector spends less on relief than does government

Private sector contributors could hardly have been as counter-productive as were the Rooseveldt administration, destroying crops and slaughtering pigs to correct “unbalanced production.” Continue reading

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