The dollar issuing state should adequately fund US political parties and politicians, and private donations should be banned. The public will save as corruption wastes even more money and is more inflationary.

We pay Lesetja Kganyago R7 million per year to do the easiest job in the world. Take a look at the graph at the bottom. He basically gets paid to add 3% to the US Fed policy rate and announce that as the SARB repo rate, no matter if SA inflation is 5% above us inflation or 2%

Can’t believe it’s been 5 years since I wrote this article. Taxpayers don’t fund the state. The state funds taxpayers. How spending by the state creates money and how taxation destroys money previously spent by the state. buddywells.wordpress.com/2021/02/13/tax…

4 of the 6 meetings of SARB Monetary policy committee this year, to decide the repo rate, happen 1 day after the US Fed announces their policy rate. SARB MPC 2025 Meeting Dates (from web sources): - January 30 - March 20 - May 29 - July 31 - September 18 - November 20 Fed

Gosh, it’s almost like inflation isn’t demand pulled but cost pushed. But never mind, let’s keep “fighting inflation” by raising costs and reducing demand with high interest rates.

This doesn’t really make sense David. I assume you’re talking about govt debt. In nations with monetary sovereignty, whatever the currency issuing state’s liabilities are, are the savings / money supply of the non-govt sector. Future generations inherit these financial assets as

China rejected IMF and World Bank policy proposals.

We can reduce net SAn debt (household + corporate + municipal + SOE + govt debt) by R100s of billions in an instant, at 0 cost, and reduce our cost pushed inflation at the same time, if we do this simple accounting procedure. buddywells.wordpress.com/2025/02/27/the…

Do libertarians really believe it’s possible to develop a city or a nation if govt spends the amount of tax collected from each rich area only in that rich area, and only the amount collected from poor areas in those poor areas?

Outsourcing strikes again.

The SARB must explain why they have accumulated over $50 billion in US dollars, which have devaluated vs gold, when they could have instead grown SA’s gold reserves. It would be interesting to work out what SA reserves would be worth now if the SARB had bought gold each year

After keeping real interest rates on govt, municipal, SOE and private sector debt unnecessarily high for over a decade now, and working with treasury to limit govt investment into energy supply, roads, rail, education etc, using the mutual pretence that the rand issuing state

Calling MMT "toxic sludge" while swallowing Margaret Thatcher's idea of "taxpayer money" hook and sinker means that you are on the right of the political spectrum, whatever your own idea of this is. (And I would not trust someone who does not get money to get capitalism.)

This is such a dumb take. Taxation is essential for 3 reasons only. 1) to limit inflation & maintain the value of the rand. 2) to limit extreme inequality, which erodes democracy. 3) to discourage harmful behaviour. The reason why SAns are overtaxed, and taxed for the wrong

Basically libertarians just want the state’s spending on poor people to be restricted to policing them better so they don’t disturb the rich. Any child who can’t afford food must starve, and receive no shelter, education, healthcare, transport etc. The state must simply