Author Archives: Russell Lamberti

About Russell Lamberti

Russell Lamberti is a regular contributor to Mises SA. He is Chief Strategist at ETM Analytics, an Austrian-influenced economic research firm based in Johannesburg. Although he wrties about many topics, you'll most often find him slaying patent and copyright law and exposing the biggest bubble in history: fractional reserve banking.

The Born Again Jobs Scam: The Ugly Truth Behind “Jobs Friday”

by David Stockman The mainstream recovery narrative has an astounding “recency bias”. According to all the CNBC talking heads, the 192,000 NFP jobs gain reported on Friday constituted another “strong” report card. Well, let’s see. Approximately 75 months ago (December 2007) at the cyclical peak before … Continue reading

Share
Posted in Russell Lamberti | Leave a comment

Mises and the Diminished A Priori

Excellent piece by David Gordon at Mises.org regarding Rothbard’s and Machlup’s differing interpretations of Mises’ methodological approach to economic theory (the a priori aspect of Mises’ praxeology). In “Mises and the Diminished A Priori“, Gordon assesses recent claims (cited by Peter Boettke) by Gabriel … Continue reading

Share
Posted in Russell Lamberti | Tagged , , , , , , , | Leave a comment

Regulatory Meddling in the Credit Industry Never Ends Well

Yesterday, Tuesday the 1st of April 2014, marked the day when “credit amnesty” kicked in for millions of South Africans. The dispensation requires credit bureaus by law to expunge consumer credit history on accounts that had been in default and … Continue reading

Share
Posted in Russell Lamberti | Tagged , , , , , , | Leave a comment

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

Share
Posted in Russell Lamberti | Leave a comment

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

Share
Posted in Uncategorized | Leave a comment

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

Share
Posted in Russell Lamberti | Tagged , , , | Leave a comment

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

Share
Posted in Russell Lamberti | Tagged , , , , , , , , | Leave a comment

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

Share
Posted in Russell Lamberti | Leave a comment

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

Share
Posted in Russell Lamberti | Leave a comment

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

Share
Posted in Russell Lamberti | Tagged , , , , , , | Leave a comment