Antal E. Fekete

Antal E. Fekete Articles

Summary for the busy executive
"If fiat money... falters, we may have to go back to oxen as our medium of exchange. In that event, I trust, the Federal Reserve... will have an adequate inventory of oxen." (Alan Greenspan, The History of Money)   Hey, Mr. Chairman...
Executive Summary Analysts keep talking about supply/demand factors, instead of concentrating on the falling basis and looking for other signs of the coming backwardation in the gold and silver markets. They should also answer the...
Does Fractional Reserve Banking Involve Counterfeiting? A new dispute has flared up between protagonists and detractors of fractional reserve banking. This is a welcome development because the burning issues under the ashes jeopardize...
Optimizing Provision for Deferred Consumption
Executive Summary
It won’t be easy to put the genie back in the bottle
To the Honorable Ron Paul U.S. House of Representatives Washington, D.C. June 10, 2003 Dear Dr. Paul: I have been a student of monetary science for almost fifty years and I am greatly disturbed by the explosive and malignant growth of...
All power-structures in human society face the problem of keeping the majority of population both in relative poverty and in dutiful submissiveness, so that the power-elite could enjoy relative affluence undisturbed by popular unrest. Karl...

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Small amounts of natural gold were found in Spanish caves used by the Paleolithic Man about 40,000 B.C.