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Antal E. Fekete

Antal E. Fekete

Contributor since: 26 Feb 2010


Antal E. Fekete is Professor, Intermountain Institute of Science and Applied Mathematics, Missoula, MT 59806, U.S.A.

  • A Critique Of The Quantity Theory Of Money

    Published 12 April 2009 | viewed 7,026 times

    Further evidences of the onset of Great Depression II In my previous paper The Revisionist Theory and History of Depressions I argued that persistently falling…

  • The Marginal Productivity of Debt

    Published 30 March 2009 | viewed 6,234 times

    Why Obama's Stimulus Package Is Doomed to Failure Paper mill on the Potomac The paper mill on the Potomac is furiously spewing up new money.…

  • There Is More Where This Gift Has Come From

    Published 21 March 2009 | viewed 4,692 times

    On Wednesday, March 18, another handsome gift was delivered by the Fed to the bond bulls. It was the announcement that the Open Market Committee…

  • That Accursed Propensity To Save

    Published 08 March 2009 | viewed 4,961 times

    "Thank Heaven for little Keynesian Nobel laureates... without them what would little Keynesian Treasury secretaries do?..." At the long last we got the official explanation…

  • Iron Law Of The Burden Of Debt

    Published 04 March 2009 | viewed 4,790 times

    In my article Growth and Debt: Is There a Trade-off? (http://www.safehaven.com/showarticle.cfm?id=12584, February 12, 2009) I have stated the "Iron Law of the Burden of Debt":…

  • Growth And Debt: Is There A Trade-Off?

    Published 12 February 2009 | viewed 4,596 times

    The Big Fix The Obama administration apparently believes in a trade-off between growth and debt. It wants to stimulate fast growth and is willing to…

  • Open The Mint To Gold!

    Published 11 January 2009 | viewed 5,014 times

    Could a Private Firm Force the Government to Do It? How to rebuild the shattered credit system People ask: "Isn't the Mint already open to…

  • An Unhappy New Year

    Published 31 December 2008 | viewed 6,805 times

    An unhappy anniversary Another forgotten anniversary that haunts the nation is the re-establishment of the gold standard in the United States by the Roosevelt administration…

  • Forward Thinking On Backwardation

    Published 20 December 2008 | viewed 4,924 times

    In an earlier article Backward Thinking on Backwardation I explained that backwardation in gold is the flipside of the phenomenon of a drastic contraction of…

  • Backward Thinking on Backwardation

    Published 18 December 2008 | viewed 4,307 times

    On Monday, December 15, backwardation on gold was still in force at an annualized discount rate that narrowed to 1.55% in the December contract, but…

  • Backwardation That Shook The World

    Published 14 December 2008 | viewed 8,467 times

    On Friday, December 12, backwardation on gold was still in force at an annualized discount rate hovering around 2% in the December contract, and 0.3%…

  • There Is No Fever Like Gold Fever

    Published 10 December 2008 | viewed 7,815 times

    Here is an update on the backwardation in gold that started on December 2 at an annualized discount rate of 1.98% and 0.14% to spot…

  • Red Alert: Gold Backwardation!!!

    Published 05 December 2008 | viewed 19,763 times

    December 2, 2008, was a landmark in the saga of the collapsing international monetary system, yet it did not deserve to be reported in the…

  • Thou Shalt Not Crucify Labor On This Cross Of Paper Money

    Published 27 November 2008 | viewed 5,092 times

    A Message To American Labor Leaders The "crime of 1873" My title is a paraphrase of the 1896 battle-cry of William Jennings Bryan during his…

  • Monetary Reform: Gold And Bills Of Exchange

    Published 07 November 2008 | viewed 4,041 times

    Address before the Civil Society Institute at Santa Clara University November 3, 2008 Introduction The Great Depression of the 1930's was not due to the…

  • The Mechanism Of Capital Destruction

    Published 18 October 2008 | viewed 7,744 times

    Address at the Annual Dinner of the Committee for Monetary Research and Education, CMRE on October 16, 2008 New York City Madam President, Ambassador Middendorf,…

  • Troubled Ass Relief Program (Tarp)

    Published 10 October 2008 | viewed 4,014 times

    As the precipitous drop of the Dow Jones index of industrial stocks to the 8600 level on Thursday shows, the $700 billion bailout is an…

  • The Gold Standard Strikes Back... Part 2

    Published 02 October 2008 | viewed 4,534 times

    ...WITH A 36-YEAR LAG (Part 2 of 2) The way to resolve the credit crisis: Recapitalize the banks with gold Privatizing profits, socializing losses The…

  • The Gold Standard Strikes Back...

    Published 24 September 2008 | viewed 6,564 times

    ...With A 36-Year Lag (Part 1 of 2) "Two legs bad, four legs good!" There were two main direct assaults on the gold standard by…

  • Has Hedging Killed the Goose that Was to Lay the Golden Egg?

    Published 15 September 2008 | viewed 4,032 times

    Second, Concluding Part Introduction The English language apparently doesn't have words forceful enough to describe the pig-headed and ham-handed approach of the gold mining industry…