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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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.
Tag Archives: monetary policy
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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Demographic Delusion
Michael Power, a strategist at Investec Asset Management and long-time inflation dove has penned a piece in the Business Day online titled, Demographics determine bipolar inflationary trends. Power has for years advocated for higher price inflation in South Africa, which … Continue reading
The SA Reserve Bank’s record
I dusted off this piece I did a year ago on chrislbecker.com where I assessed the SARB’s performance in accordance with its own prescribed legislative mandate. The results are dismal to say the least. I conclude, Not only has the Reserve Bank failed at each … Continue reading
Posted in Russell Lamberti
Tagged central bank, gold, gold standard, inflation, monetary policy, monetary system, SARB
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RE: On The Empirical Relevance of Austrian Business Cycle Theory
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
Posted in Chris Becker
Tagged ABCT, business cycle, central bank, fractional reserve banking, inflation, malinvestment, monetary policy
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RE: On The Empirical Relevance of Austrian Business Cycle Theory
Chris: Further to your useful post, it goes without saying that Austrian methodology is wholly different from the empirical analysis employed in the Lester/Wolff study. Three points on this: Firstly, it is interesting that despite all the data shortcomings, the authors found … Continue reading
How to fix SA’s unemployment problem
I was on 567 Cape Talk radio this morning discussing South Africa’s unemployment problem and how to fix it. I was interviewed by Kieno Kammies and joined in the discussion by Adcorp economist, Loane Sharpe. Here’s the podcast: My strategies for … Continue reading
Posted in Russell Lamberti
Tagged deregulation, economic freedom, employment, fiscal policy, monetary policy, regulation, tax, unemployment
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The problem when fractional banks still work
Since the financial crisis in 2008/09 the Federal Reserve has printed trillions of dollars and purchased assets with them, mostly US government bonds and mortgage-backed securities. This has caused the assets on the Fed’s balance sheet to swell by around … Continue reading
In the final analysis, at best, Thatcher failed
Margaret Thatcher died today. She was 87. Much has and will still be said about her time as PM and her legacy. By the decrepit socialist standards of the day, Thatcher was (and mostly still is) considered a rabid free market capitalist. … Continue reading
Posted in Uncategorized
Tagged deregulation, fiscal policy, monetary policy, monetary system, obituary, post-Bretton Woods system, Thatcher
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Bob Murphy on his inflation bet
Bob Murphy speaks up for himself about his lost CPI inflation bet in a comment on EPJ. Bob MurphyJanuary 1, 2013 at 8:43 AM Thanks Bob W. Just a few clarifications everybody: (A) I made the bet with David Henderson … Continue reading
Posted in Uncategorized
Tagged Bob Murphy, EPJ, inflation, monetary policy, Money Printing, QE
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The Currency War for Dummies
My new article out on www.mises.co.za. 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. They believe that if their exchange rate is weaker … Continue reading
Posted in Uncategorized
Tagged central bank, currency wars, fractional reserve banking, inflation, monetary policy, Money Printing, trade
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