By Piet le Roux
Unemployment insurance in South Africa resembles insurance less and less and a welfare trap and a drain on the economy more and more. The Unemployment Insurance Fund thrives by taxing employment.
The SARB and Reforming the Structure of the Economy
By Gareth B In recent months, SARB Governor Marcus has become more outspoken regarding the need for more action to be taken with regards to structural reforms, typically meaning action governmental policymakers should take to enhance the growth and employment prospects of the economy through legislative reforms. Back in June of this year, the Governor [...]
Africa: The Next Major Boom-Bust Cycle?
By Chris Becker
The average African’s time preference will need to change if Africa is going have the capital and investment funds necessary for the transformation into a manufacturing hub. But with a tradition of mismanaged currencies, negative real interest rates, and rising consumer credit there is a strong anti-saving mentality in place.
Praxeology: 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 individuals engage in conscious actions toward chosen goals.
Competing 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 Siad Barre’s Democratic Republic of Somalia in 1991 gave us the unique opportunity to observe concurrent currencies absent any legal restrictions in practice.