The 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 the assets on the Fed’s balance sheet to swell by around $2.5 trillion since the collapse of Lehman Brothers. Operations of this magnitude have caused the [...]

The 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, since the adoption of the Broad-Based Black Economic Empowerment Bill in 2003, the true main goal of BEE was the redistribution of capital according to artificial, [...]

Asset 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 now only accepts monies printed by other governments. As a result, the government is now resorting to outright asset expropriation to steal resources from the private sector.