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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Recent blog posts
- Joe Johansen on Don’t forget SARB QE: Part 2
- MarleyMarx on Crisis On The Cape Flats Caused By Decades of Social Engineering
- Daniel on BOE: “Money creation in the modern economy”
- iakovos on New Documentary Explains Global Financial Crisis From the Perspective of the Austrian School of Economics
- Blah on Mandela: The Great Symbol of South Africa’s Unfinished Fight For Liberty
- 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
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.
Author Archives: Chris Becker
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
This comes back to the point I made to Grant McDermott a few months ago about “testing” ABCT using the wrong data. Wrote Gene Callahan and Roger Garrison in “DOES AUSTRIAN BUSINESS CYCLE THEORY HELP EXPLAIN THE DOT-COM BOOM AND … Continue reading
Simon Brown (of JustOneLap fame) interviewed me to learn about Austrian economics for the JSE Direct podcast last week. Listen to the interview below (episode 123), or follow this link.
I cannot recommend this video highly enough. It is extremely powerful as it explains step-by-step the mechanics and machinations of the modern monetary system. Mike Maloney is absolutely spot on about this: the system impoverishes the working class every single day. … Continue reading
My friend Grant McDermott, to whom I wrote why I think the empirical relevance of ABCT by Lester/Wolff may produce “mixed” results replied to me in this post. This is a quick one to elaborate my points. Firstly Grant says … Continue reading
Here is a fascinating article on Wired about the declining influence and relevance of fractional reserve commercial banks on the lives of individuals. It argues that banks will one day look more like Google, Facebook, or Apple. Interesting about this … Continue reading
I agree completely with this comment of Russell’s about the empirical tests that have been done in the past to ‘test’ Austrian business cycle theory: It is interesting that despite all the data shortcomings, the authors found some empirical validity to ABCT in the industrial production … Continue reading
In a recent post I referred to data that suggests manufacturing output has been growing much slower than retail sales volumes since 2004. The data suggests that the consumer sectors are booming, while productive sectors are shrinking, which would be … Continue reading
I just wrote an important post at my blog about the regressing South African economy, and the risks this poses to the economy and the rand going forward. Assuming the aggregated data below from Stats SA can be trusted, the … Continue reading
A friend sent along a paper by Robert B. Lester and Jonathan S. Wolff titled “The empirical relevance of the Mises-Hayek theory of the trade cycle,” published in the Austrian Review of Economics in 2013. The paper finds, empirically, that … Continue reading