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Mises SA Articles- Say’s Law, Credit Expansion & the Business Cycle March 14, 2014
- Don’t Stop Til You Get Enough December 5, 2013
- Eersteklas ekonomiese satire: Die Petisie van die Kersmakers November 25, 2013
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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: March 2014
What’s more dangerous to Zimbabwe than deflation?
This ENCA article warns of the alleged dangers of deflation in Zimbabwe. Besides not distinguishing (downward) changes in consumer prices from changes in money supply, it has some gems worth pointing out. And it leads me to wonder if two … Continue reading
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BOE: “Money creation in the modern economy”
The Monetary Analysis Directorate of the Bank of England this quarter published a research report explaining money creation in the modern economy, admitting quite bluntly and openly that commercial banks create deposits in the economy (i.e. create money), by making … Continue reading
Posted in Chris Becker
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Anatomy of a Real Recovery
Austrian Business Cycle Theory (ABCT) has been criticised for 1) misrepresenting the true nature of the boom and reasons for the bust, and 2) for not offering constructive solutions to generate a recovery. Point 1 is the subject of much … Continue reading
Posted in Russell Lamberti
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A Guide To South Africa’s Economic Bubble And Coming Crisis
By Jesse Colombo As Africa’s wealthiest major economy, South Africa has played a key symbolic role in the emerging markets boom that has transformed the global economy in the past decade. Unfortunately, like most other emerging economies now, South Africa … Continue reading
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Latest Quarterly Journal of Austrian Economics
Here are the article summaries and links to full papers in the latest QJAE. The Marginal Efficiency of Capital Edward W. Fuller ABSTRACT: The purpose of this paper is to explain the marginal efficiency of capital. The net present value diagram … Continue reading
Fiat Money and Business Cycles in Emerging Markets
Roger McKinney has a good piece over at Mises.org. It is useful because it describes very simply how Fed policy with the world’s reserve currency can internationalise the business cycle. This is relevant in particular for our African and South African … Continue reading
Posted in Russell Lamberti
Tagged ABCT, Africa, business cycle, capital controls, Dollar, exchange rates, Federal Reserve, malinvestment, monetary policy
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If Malema isn’t Pol Pot, is he still dangerous?
by Ivo Vegter In last week’s column, I recalled that “agrarian reform”, as advocated by Julius Malema, evoked a phrase associated with Cambodia’s murderous tyrant, Pol Pot. The comments raised a pertinent question. Was I saying Malema is a genocidal … Continue reading
Posted in Russell Lamberti
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South Africa’s Great De-industrialisation
The bell tolls for South Africa’s industrial backbone as yet another factory will be wound down and retired due to a lack of competitiveness and tough operating conditions that are rendering it unviable. Last week BDLive ran a story about … Continue reading
Posted in Russell Lamberti
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Francois Hollande, Say’s Law & ABCT
Per Bylund on Twitter a few weeks back flagged some recent commentary by Professor Steven Kates on Say’s Law. I found Kates’ comments fascinating and I certainly think Say’s Law and its derivatives offers extremely fruitful analytical and theoretical opportunities … Continue reading
Posted in Russell Lamberti
Tagged ABCT, business cycle, demand, economic history, keynes, Say's Law, supply
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The Currency War for Dummies
I wrote this piece in early 2013, but it’s worth dusting off. Doesn’t age much. The world is in a currency war. What is that? It’s when governments devalue their currencies in order to protect domestic industries against foreign competition. … Continue reading
Posted in Russell Lamberti
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