New articles on Substack:

See all:  https://richardjgrant.substack.com


Most recent articles:  

Delta, epsilon, … short gamma: Or how we can ruin everything

https://richardjgrant.substack.com/p/delta-epsilon-short-gamma


Bolt down the debt ceiling

https://richardjgrant.substack.com/p/bolt-down-the-debt-ceiling



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It Cost Mark Shuttleworth More To Leave South Africa Than It Did To Leave The Earth

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by  Richard J. Grant   Mark Shuttleworth is a South Africa born tech entrepreneur and venture capitalist who is perhaps best known in the rest of the world for being the second “space tourist” to spend time living and helping with experiments on the International Space Station. After a year of training and reportedly paying about US$20 million, in early 2002 Shuttleworth rode on Soyuz spacecraft to spend about eight days on the space station. Shuttleworth had the wherewithal to buy his space ride since 1999, when he sold his four-year-old Internet security company to VeriSign for about US$570 million. Since then, he has used his wealth to finance and build new companies as well as to fund charitable ventures. But living in South Africa, with its restrictions on capital movements, created problems for Shuttleworth’s international operations. This soon prompted him to take advantage ... Continue reading at FORBES   http://www.forbes.com/sites/richardgrant/2013/0
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How limits to economic freedom are behind SA’s failures

How limits to economic freedom are behind SA’s failures Business Day - 12 SEPTEMBER 2019 by RICHARD J GRANT Economics is entirely about human relationships. None of the other “scarce resources” would have any value at all without people. No resources are employed without the employment or attention of at least one person. And there is no “economy” without an exchange between at least two people. We are blessed, though, to have millions of people with whom we might find friendship and with whom we might engage in mutual service through exchange. Throughout the centuries people have engaged in trade with others near and far. Today we can buy goods made by people from almost anywhere in the world, people we are unlikely to meet. Yet, through a complex supply chain, we have a network of friendships, mostly anonymous and distant, each of which is consummated through the mutual benefits of trade. Our connection to those people makes possible the lives we lead and the stan
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Why nationalising the Reserve Bank is a dangerous move

The Bank’s shareholders have little influence over policy, but their involvement is essential for transparency and openness , writes Richard J Grant 03 July 2018 - Richard J Grant Recent calls to "nationalise" the Reserve Bank imply that the Bank is a private entity, raising questions about the correspondence between legal definitions and the realities of control, policy making, and administration. In fact, the Reserve Bank is a statutory creation of Parliament, which also determines the main policy goals that the Bank is tasked to fulfil. More than half of the Bank’s board of directors, including all the executive directors, is appointed by the president of SA in consultation with the finance minister and a governmentally appointed panel. That panel, in turn, approves a list of candidates from which eligible private shareholders may elect the remaining board members. The private shareholders have … Continue reading at Business Day https://www.businesslive.co.za/
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