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The Rand of South Africa
February 2002 by Edgar B. Heylmun, PhD
The republic of South Africa (pop. 45 million) lies at the southern end of the African continent, and has been responsible for much of the world’s gold and diamond production. The first Europeans to settle in the region were Dutch, but the British...
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I hope long-term readers would agree that while your columnist does occasionally carry some arguments to an extreme length, I usually stay within the bounds of reason. I am pointing this out because I was struck by an economic vision a few days ago that could test those bounds.
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The Bawl Mill
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