FMF NEWSLETTER 30 May 2018    

Dear friend of the FMF

In this week’s feature article, Luke Muller gives a brief history of money, describes the various forms it has taken, and explains that inflation is a monetary phenomenon that can be very destructive if the issue of money is not properly controlled. According to the author South Africa’s inflation target of 3% to 6% is too high and should be slowly reduced to strengthen the rand. Exchange controls should be abandoned to facilitate foreign trade and investment. 

FEATURE article  

Reinforcing the rand – LUKE MULLER

The invention of money allowed people to replace their original system of trade, which was barter. Instead of swapping one good or service for another, the creation of money allowed people to buy what they wanted on credit. Money is essentially an exchange of an (IOU) I-owe-you token. A person holding IOUs has credit, and can then exchange them for goods or services within the community that accepts them. Money is thus a contractual obligation on an incomplete exchange. It can take the form of anything, from commodities to printed notes or even digitally encrypted tokens, provided that people recognise it and accept it.

LATEST FMF event video (WATCH)  

Temba Nolutshungu and Terence Corrigan – Expropriation without compensation – betrayal of the struggle


Wednesday, 30 May 2018 EVENING EVENT – Cecelia Kok (FNS)   Are you free to be you? A talk on individual freedom and identity politics  @ FMF RSVP

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DIRECTORS' quotes  

WORTH reading  

Is the ANC serious about tackling govt obesity?
“Freedom from want” is slavery for all
Cronyism feeds on the success of capitalism – but it should not be confused with capitalism itself

FMF in the media  

Media release Expropriation without compensation (EWC) is a betrayal of the struggle
Media release Young people and families hit hardest by gap cover limitations
Media digest APRIL 2018 for all media coverage

SOCIAL media  

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Watch our YouTube videos on ChannelFMF

Adrian Schofield & Leon Louw The ECA Bill will be a disaster for South Africa
Grietjie Verhoef  History of strong African entrepreneurship held back by powerful constraints
Robert Vivian and Leon Louw – FAIS: the harbinger of things to come

Dawie Roodt – The final countdown: How to survive this awful budget
Leon Louw – What is Oxfam's real agenda? It's not pro-poor
Frans Rautenbach – The law trade unions and growth - what role do they play in job creation?
Eustace Davie –  Failure to respect constitutional rights causes mass unemployment
Leon Louw – New law guaranteed to raise price of data and limit internet access
Adrian Saville – Paths to prosperity - lessons for a six pack solution
Leon Louw – South African Airways: The facts behind the fiction

Neil Emerick –  Will South Africa crash and burn?
Garreth Bloor –  Want economic growth? Repeal bad law

Jasson Urbach & Johann Serfontein – NHI pie in the sky
Twin Peaks - how Treasury will cost SA an additional R4,8bn per year
FMF –  A constitution worth fighting for (1996)


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