IN THE WEEK THAT the US central bank, the Fed, begins dumping a half-trillion dollar bolus of money created out of thin air into the veins of the American banking system (a mainline of government bailout crack representing the last gasp of a desperate but already exploded Keynesian orthodoxy)—a week in which Bank of England governor Mervyn King says it’s time to talk about “eliminating fractional reserve banking” (the first gasp, perhaps, of a much-needed and long-overdue mainstream sanity) regular readers in Auckland might like to know about a course happening here that will help put all the troubles (and solutions) in perspective:
Professor Fekete will explain
what he means by an ‘unadulterated gold standard,’ how today’s fiat-based monetary system is destroying both savings and jobs, and the role of gold as numéraire and the ultimate extinguisher of all debts.
This is a unique opportunity to hear a world authority present an alternative view about what makes money ‘sound,’ and how ‘unsound ‘ money is pushing us to the very brink of disaster once again, based on history…
Each of the ten lectures will last one hour and will be followed by a question and answers period lasting up to one hour. There will be one lecture per morning, starting at 9.30am, and one lecture per afternoon, starting at 2pm.
The course runs from Monday 15 November to Friday 19 November 2010, at the Owen G. Glenn Business School of the University of Auckland. Get on to it now. (Tell them I sent you.)