Real Economy » Human Action

The broken window

Freddie Bastiat is always worth resurrecting. read more…

State of Play in SA: The Post-Party Reality

Pulling back the lens and assessing the current lie of the land for the SA economy. read more…

Fundamental outlook for residential real estate

The silent assassins of residential real estate: cost of maintaining standard of living and rising interest rates 2 to 3 years out. read more…

Beware the unemployment monster...government!

It’s not unemployment we should be angry with, it’s government. read more…

The Pro No-One Budget

The SA 2010 national government budget is anything but pro-growth. read more…

The Anatomy of a Capital Destruction

Wealth is permanently destroyed by the inflationary policies of the government and its central bank – never to be reclaimed. Artificially low interest rates is one big con-job, and hard working people are hurt the most. read more…

Trade deficit's impact on Rand exchange rate

A serious economic fallacy that is readily accepted as the truth by the mainstream is the notion that a current account balance impacts the foreign exchange rate of a country’s currency. read more…

Greece vs California: Keeping perspective

If the EU and the US were two airplanes flying side-by-side, the EU is losing a flap while the US is losing a wing. Which out of these two will you back in a race to the bottom? read more…

FIFA 2010: It's our party and we'll spend if we want to

It’s time to admit the FIFA 2010 World Cup is an expensive luxury, not an economic benefit. read more…

Eskom tariff hikes are NOT inflationary

Prepare for flat or even falling prices in 2010. read more…

A better measure of CPI inflation

The Reserve Bank will have you believe that CPI inflation ran at less than 6% from 2002 to 2007, yet over the same period the government was dishing out tax benefits to the lowest income earners to the tune of 20% per year. Perhaps the latter indicator gives us a much better picture of where inflation has really been running, and as a result, how the inflation anaconda has squeezed the life out of the consumer. read more…

Must-read on fiat currency and gold

We have been hammering the point quite a bit in the past couple of weeks, but this really is important stuff. This a great short article by Duncan Davidson from wallstreetpit.com on the real underlying dynamics in the gold and paper money market. Bear in mind the impact this will have on the JSE, capital inflows, the Rand, and the mining towns once the new gold rush begins in earnest. read more…