
Is South Africa moving in the right direction?
It lies upstream of many other problems affecting the country and is a policy that needs to be entirely undone.

It lies upstream of many other problems affecting the country and is a policy that needs to be entirely undone.

But your wallet doesn’t care about theory.

The refusal to accept Say’s simple wisdom is what leads to deficit spending or trading speculative assets forever.

Everything has become more expensive and hurts poor people the most.

Poverty in South Africa is not some tragic accident or a cruel twist of fate.

The more government spends from freshly minted currency, the more these pressures build.

Capital isn’t just money sitting in a bank account. It’s real stuff:

Money is at the heart of everyday life.
Governments cannot “go broke” as households and businesses do, because they can always issue more currency to fund whatever they desire.