None makes the case better, I think, than Professor Antal Fekete (see his series of Monetary Economics lectures or Whither Gold). Antal’s work. See contact information and details about Antal E. Fekete. See more of Antal E. Fekete on Facebook. Log In. or . Awards. In his essay, “Whither Gold?. Professor Fekete was Consulting Professor at Sapientia University, Cluj-Napoca, Romania, His essay ”Whither Gold?” won the first prize in the.
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The Goldbug, Variations V.
Contrarian Roundtable On Inflation. American Bases in Germany and the Gold Basis. Further he addresses the current souvereign debt crisis as well as the probability of a world-wide credit and currency collapse which is not adressed in the mainstream financial media.
Dispersed gold represents latent power, far greater in scope than its nominal market valueas sound credit can be built only upon a gold base. He received a M. Is There A Trade-off?
This elementary truth is now in the public domain, even though our universities have been somewhat tardy in accepting it. While summarizing this must-read discussion of mainstream economic orthodoxy’s mis-teachings is impractical, his initial introduction sets the stage for what is to come: What Really Started the Great Depression. This type of professional trading is known as Basis Trading.
The Marginal Utility of Silver. Not only can the owner of gold earn a return in gold on his holdings even under the regime of irredeemable currency, but gold is the only form of tangible wealth that can be lent out at interest and that is in constant demand as such.
He established the New Austrian School of Economics to teach his perspective on mo Fekete is a renowned mathematician and monetary scientist. When Atlas Shrugged Part Two. Open The Mint To Gold!
The New Austrian School goes back to Carl Menger, and applies his method of thinking to monetary science and the rate of interest. Mainstream economic orthodoxy teaches that a depreciating currency is a boon to the country, and a valid tool in the hands of the government to increase tekete and thus to reduce or to eliminate the current account deficit. The Marginal Productivity of Debt.
Monetary Versus Non-Monetary Commodities.
Under the regime of irredeemable currency, interest is merely bribe-money, trying to persuade reluctant holders of irredeemable promises to hang on a while longer. New Austrian School of Economics – www. Position Paper professorfekete 3, Jan. When the dispersal of gold reaches a certain threshold nobody knows where exactly this threshold isa metamorphosis of money will take place. The Last Contango In Washington. According to these proposals the runaway government deficit could be reined in by refinancing the entire U.
Antal E. Fekete (Author of Le Retour au Standard Or)
This cannot help but make the pace of currency depreciation increase. Where Krugman Went Wrong. The Peace Diktat of Versailles. Gold Backwardation and the Collapse of the Tacoma Bridge. Other criticism may be summarized as the teleological use of econometrics by economists and the disingenuous treatment of any research on the gold standard.
There is a substantial body of research material and lecture notes, as well as The Gold Standard Manifesto, made available on this website, that have grown out of this initiative.
When in South Africa celebrated the th anniversary of discovering gold in the Witwatersrand, at the conference Gold commemorating that event in Johannesburg Professor Fekete delivered the keynote address entitled Gold in the International Monetary System. On Gold as ‘wealth’: And on the future of Gold: Fekete’s work is not accepted by Austrians of the Mises Institute, because he has identified important errors.
Real Bills and Employment. Krugman’s Opium War On China.
Whither Gold | Zero Hedge
Was Carl Menger Jewish? Front-Running the Fed in the Treasury Market. The Goldbugs, Variations II. According to Fekete, the silver market being more volatile and narrower, once going into permanent backwardation, will function anatl an early warning system for the end of the fiat currency system.
Exploding the Myth of Silver Shortage.