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

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.

Is the South African Economy Headed for a Recession? Wrong Question.

People shouldn’t miss the (chronic economic slump) wood for the (technical recession) trees. While a technical recession in 2016 is highly plausible, we should open our eyes to South Africa’s prolonged stagnation and underperformance of global peers which threatens the very socio-political stability of the country itself.

Are trade deficits always bad?

This article of mine was first published in the third-quarter 2015 edition of Personal Finance magazine. When you add up all the transactions each month of South African importing and exporting businesses, you will currently find that more is bought from businesses overseas than is sold to businesses overseas. This is commonly known as a […]