The Centrality of Say’s Law

If the principle is conceded that virtuous individual action can lead to chaotic social outcomes, then all manner of central state planning can be justified as not only of public benefit but as fundamentally essential. It is the validity of Say’s Law that stands as the gatekeeper of economic freedom and prosperity. Without it, economic fallacies justify state force, which is multiplied in the name of public salvation. Read more…
2016: A Blow to Technocratic Socialism

Technocratic Socialism is the effective state control of the means of production and concomitant privileged, riskless profiteering through bureaucratic and regulatory asphyxiation. This is what, I think, voters are rejecting.
The Rand and Politics

If the Reserve Bank is usurped for narrow, corrupt political ends, it has the potential to not only spell doom for the rand but could imperil South Africa’s entire social order in unthinkable ways.
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When Money Destroys Nations

When Money Destroys Nations, my book with Philip Haslam, is about how hyperinflation ruined Zimbabwe, how ordinary people survived, and warnings for nations that print money.

WMDN Website Read Chapter 1 Free Buy the Book

2016: A Blow to Technocratic Socialism

In 2016, a fissure opened up in the seemingly impenetrable rockface of stultifying Technocratic Socialism. That is unequivocal progress, but it’s also only the beginning of what is going to be a long, uneven, and probably messy global realignment.

Inflation: It’s a Wealth Redistribution Scheme

Societies need a holistic approach to begin to address the gnawing pestilence of inflation foisted upon them perennially by the financial and political elites.

Ben and Holly’s Little Social Commentary

In this episode, the king’s magic money box runs dry and he is forced to provide real services in the economy, at which he fails miserably. In the end, the good people decide it is better for the king to stick to frivolous ceremonial affairs.