Minimum Wage Laws
By Henry Hazlitt (Excerpted from Economics in One Lesson, Chapter 19) We have already seen some of the harmful results of arbitrary governmental efforts to raise the price of favored commodities. The...
View ArticleObjections to the Draft Infrastructure Bill of February 2013
The Mises Institute South Africa has prepared and sent a formal objection to government’s proposed Infrastructure Development Bill of 2013 (IDB) published in Government Gazette 36143 on 8 February...
View ArticleHow Many Taxpayers Are There Really? (2011/12 Edition)
By Paul Joubert Actually, only 3,3 million taxpayers pay 99% of all income tax, while only 2,3 million pay 93% and 1,5 million are responsible for 84% of income tax. People who, with great concern,...
View ArticleBreaking the Social Contract
By Ariel Wertlen Spilkin Introducing the Social Contract Theory Every libertarian has at some or other point come into contact with the SCT (Social Contract Theory). The theory has played a pivotal...
View ArticleThe Economics of Horsemeat (Inflation is Contagious)
By Russell Lamberti On January 15 2013 it came to light that beef being sold in some major British supermarkets contained horse DNA. What has followed has been one of the great food scandals of our...
View ArticleHow to Fix Greece in 7 steps
By Russell Lamberti The Greek economy is in a fatal debt trap and crashing. It doesn’t have to be this way for much longer. There are a set of bold steps that Greece could take that would not only set...
View ArticleAsset Expropriation Risk Soars in Post-Hyperinflation Zimbabwe
By Chris Becker The destruction of the Zimbabwe dollar has forced fiscal discipline on the Zimbabwean government, as the public no longer accepts the money that government prints and spends. The public...
View ArticleObjections to the Licensing of Business Bill of March 2013
The Mises Institute South Africa has prepared and sent a formal objection to government’s proposed Licensing of Business Bill of 2013 (BS Bill) published in Government Gazette 36265 on 18 March 2013....
View ArticleBretton Woods to a gold-backed currency for South Africa
By Eustace Davie Every nation has a choice between having either a closed, highly regulated and stagnant economy or an open, free and rapidly growing economy. It is time for SA to choose freedom over...
View ArticleObjections to the Expropriation Bill of March 2013
The Mises Institute South Africa has prepared and sent a formal objection to government’s proposed Expropriation Bill of 2013 (the Bill) published in Government Gazette 36269 on 20 March 2013. To see...
View ArticleThe Failure of BEE in Five Steps
By Piet le Roux Supporters of Black Economic Empowerment (BEE) argue that BEE promotes economic development, reduced inequality, social upliftment and other good causes. Actually, over the last decade,...
View ArticleBitcoin: Humble Harbinger of Monetary Revolution?
By Gareth Brickman The prodigious frenzy of speculation in digital currency Bitcoin has taken the financial press by storm in recent weeks. Much has been written on whether the currency, and the...
View ArticleThe 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...
View ArticleThe Truth About SwedenCare
by Klaus Bernpaintner As the South African and American governments roll out their public healthcare systems, it is good to consider the truth about socialised medical care in Sweden. This article is a...
View ArticleAn Open Letter to the Minister of Economic Development from 2010
The following is an open letter addressed to the then- Minister of Economic Development for South Africa, Ebrahim Patel, written by IFP MP Mario GR Oriani-Ambrosini. The letter was written in 2010, and...
View ArticleNelson Mandela and Volunteerism
By Robert Murphy Recently Nelson Mandela celebrated his 93rd birthday. In honor of the event, the Nelson Mandela Foundation asked people to donate 67 minutes of their time to public service. Although...
View ArticleLabour Unions Are Misusing Productivity Measures
By Loane Sharp Labour unions like to measure labour productivity by looking at total output per worker in the economy. However, total output per worker has only increased as much as it has over the...
View ArticleThe Economics of Racial Profiling
By Walter Williams We can think of profiling as a method to economize on information costs by using easily observed physical characteristics as a proxy or a guess for some other characteristic more...
View ArticleCompeting Currencies in Somalia
By Finbar Feehan-Fitzgerald Modern Somalia is a real-life example of concurrent currencies circulating alongside one another. This was Friedrich Hayek's ideal monetary system. The collapse of Mohamed...
View ArticlePraxeology: The Methodology of Austrian Economics
By Murray Rothbard Praxeology is the distinctive methodology of the Austrian School. Praxeology rests on the fundamental axiom that individual human beings act, that is, on the primordial fact that...
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