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

VIDEO: Is the ‘end’ of QE3 a threat to emerging markets?

My interview with Bruce Whitfield and my good friend Chris Becker on the end of QE3, booms and busts, Japan’s money printing binge, and South Africa’s structural decline.

The Capitalism Delusion

Little more than a cursory and objective glimpse into the nature of our economic system for the past number of decades, right up to the 2008 crash, and indeed since 2008, will show that unfettered free market capitalism could not have been responsible for the global financial crisis, because unfettered free market capitalism did not […]

Enabling Economic Freedom in South Africa

Forget the ANC Youth League’s notion of economic freedom and ’empowerment’. Two Americans, a small self-funded staff compliment, and willing local churches are fostering more economic empowerment through this programme than the Youth League will ever achieve in a lifetime of mindless protests and angry complaining.