Monthly Archives: November 2012

Tax rankings: The seen and unseen

Mega bean counters PwC have released their 2013 global Paying Taxes rankings.  As much as government slaughters companies in SA with heavy corporate taxes, provisional tax collection that kills cash flow, and other kinds of extractive coercion, the country as … Continue reading

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Die ironiese ondergang van die Franse Liberale Skool

Die paradigmaskuif wat die einde van Franse Liberale Skool meegebring het, was die gevolg van hul eie intervensionistiese hulpbronhertoedeling, waarmee voorstanders van ‘n ander paradigma die oorhand gekry het – natuurlik anders as wat aanvanklik die bedoeling was. Continue reading

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The Business Cycle and the UK Economy

The Financial Times ran a story earlier this week wherein the authors described how the prolongation of the depression phase of the business cycle is being caused by the Bank of England. This, of course, is exactly the Austrian theory … Continue reading

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Rothbard on trade and money

In light of my points regarding money creation, trade and exchange rates, here is one of the masters explaining the process. This excerpt is taken from The Mystery of Banking by Murray Rothbard, pages 120-123. Find the free PDF here … Continue reading

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Leon Louw Is Right…In A Sound Money World cont.

In response to my article “Leon Louw Is Right…In A Sound Money World“, Katy asks the following: I am fairly new to the field of rigorous economics, so please assist me if you may. You said, “So while we might … Continue reading

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Radio 702 ‘debate’ with Leon Louw on trade deficits

Just had a short semi-debate with Leon Louw on Bruce Whitfield’s Radio 702 show about the trade deficit issue that I wrote about here in response to Leon’s article here. I actually don’t think Leon and I are in major disagreement, … Continue reading

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Leon Louw Is Right…In A Sound Money World

Leon Louw has an article in today’s Business Day titled, “Econobabble has everyone worried over nothing.” Leon makes an essentially sound point, which is that the notion of a trade ‘deficit’ or ‘surplus’ is largely bogus.  Louw is particularly debunking … Continue reading

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Mises SA is Booming

The Mises Institute SA is booming. What follows is a graph of the number of visits, unique visits, and hits to the site since the beginning of the year. October was a boom month for us. Thanks for supporting, and … Continue reading

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Austrian School seeps into CFA

Peter Klein writes over at Circle Bastiat: A friend informs me that the mainstream and prestigious CFA Institute now features Austrian economics in the study materials for the Level 1 CFA Exam. The section “Theories of the Business Cycle” includes … Continue reading

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Re: The Nature of Money, State Intervention and the Evolution of an Inflationary Depression

Gareth, Thanks for posting this. Schlichter has a great handle on the monetary economy and its problems. I must say I was a little disappointed in his lenient view towards Fractional Reserve Banking (FRB) and in the way he rejected Rothbard’s … Continue reading

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