Leon du Preez

Total 181 Posts

Wages, Unemployment, and Inflation

Our economic system—the market economy or cap­italism—is a system of consumers’ supremacy. The customer is sovereign; he is, says a popular slogan, “always right.” Businessmen are under the neces­sity of turning out what the consumers ask for and they must sell their wares at prices which

Everything You Wanted to Know About Money, But Were Afraid to Ask

With my talk, I would like to accomplish three goals: First, I want to explain some sound and time-tested basics of monetary theory. Second, I would like to point out why it is important to have a free market in money; that the battlefront of our time is not between,
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