PUBLIC LECTURE TONIGHT: The role of gold in the monetary system [updated]
Reminding you all about tonight’s public lecture in Auckland, to which you’re all welcome.
PUBLIC LECTURE: The role of gold in the monetary system
With special overseas guest - Professor Antal Fekete
Gold is the leash on which the frugal must keep the
prodigal. It was this leash from which the banks and the
government wanted to escape when they first
sabotaged and then junked the gold standard…
One could say that since taxation and treasury departments
were invented, a great tug-of-war has been going on
between the frugal and the prodigal. The latter is the consortium of banks and government. The former is the saving public…
- Antal Fekete
President of the World Bank Robert Zoellick wrote this week that a new international monetary system should "consider employing gold as an international reference point of market expectations about inflation, deflation and future currency values." And yet many, including Paul Krugman, still see gold as a “barbarous relic” that has no place in a modern society.
Tonight, the University Economics Group is pleased to present a seminar by Professor Antal Fekete, a proponent of the gold standard and critic of the current monetary system.
With talk of currency wars and continued financial instability dominating the headlines, there has never been a more important time to examine the foundations of the current monetary system. This is a unique opportunity to hear an alternative view about what makes money ‘sound’ and ‘unsound’, as well as the historical (and possibly future) role of gold as the anchor in the monetary system.
Born in Hungary, Professor Fekete is a retired Professor of Mathematics and Statistics from the Memorial University of Newfoundland in Canada who now devotes his time to writing and lecturing on fiscal and monetary reform with special regard to the role of gold and silver in the monetary system. He has taught at universities around the world including Columbia and Princeton.
Date: Tonight, Tuesday 16 November
Engineering School, 20 Symonds St, Room 3402
UPDATE: There’s been a late change of room to a bigger venue.
We’re now in “Case Room 4,” Level O, Owen G. Glenn Business School
(NB:You can park underneath the Business School on Grafton Rd.)
Don't miss this opportunity to hear Professor Fekete speak about this important topic during his brief visit to New Zealand.
There’s no cost for an evening that could not be more topical.
And don't forget to invite your friends.