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Posted by Michael C Ross on 5/3/2009 9:12:11 AM
Dr. Antal Fekete was an excellent choice for interview. He confirms my belief that the only real book written on the subject of economics was by Adam Smith and all others have been bad rewrites or wrong. To the extent he provides insight and understanding of Smith's "Wealth of Nations", he is of great service to mankind. Well done. MCR.
Reply from the Daily Bell:
We agree with you about Adam Smith. But we also agree with Murray Rothbard that Adam Smith should have entitled his great work "The Wealth of People" -- as wealth belongs to those who generate it, not to the places in which they live.
Posted by Dave Kress on 5/5/2009 10:44:40 AM
Fekete is fantastic. He delved deeply enough into the fractional banking system and real bills to convert me. I relieved my bank of
6 figures of FRS notes last September on the hunch RBS would
collapse or FDIC would face massive losses beyond its reserves to payout depositors.
This Daily Bell interview has convinced me to relieve my bank of another 6 figures mid May when 2 CD's mature with renewal rates of 1.5%. 1.5%? No way!
Will Rogers lives via his "Return of capital more important than return itself"--which today is measly. Now where am I going to find all that silver!!?? Guess it is time to call Jason Hommel my silver guru.
Reply from the Daily Bell:
Thanks. Please note, for the record, that the Daily Bell is not recommending investments merely presenting information of merit and interest.
Posted by Bob Visser on 5/12/2009 2:21:35 PM
Dear Sirs,
Thank you for your daily missive. I enjoyed your interview with the Swiss Banker as well as the discussion with Fekete, who is well known. The Dorn lady is not one of my favourites, but beggars cannot be choosers. Reason why I write is the problem I have with the Inflation/Deflation debate. Today I read a contribution on Pension Pulse, where reference is made to the Hoisington Investment Management's (a respected voice)opinion. All is however based on America and their Dollar. What is the international situation and more important what is the view in Europe, distancing yourself from the USA. IMO printing endless streams of green pieces of paper, has to result in inflation at least in the USA. However filling all the black (debt) holes with same, would make them disappear again. Is there a European voice that could bring clarity? If the above references are insufficient, plse let me know and I will send you links.
Reply from the Daily Bell:
All business cycles seem to end the same way -- with monetary inflation and high gold and silver prices. There is no reason to believe that this one will be any different. As for as European voices go, we would recommend the Daily Telegraph which analyzes issues from something of a free market perspective.
Posted by Malcolm McIntyre on 2/9/2010 10:40:23 AM
Greetings. The link at the end of the above article to Dr Fekete's "Revisionist Theory" is defective;
Have accessed it instead through the link at his contributions archive.Dr Fekete conducted a Gold Standard University program in the Australian capital, Canberra, in November 2008.
Needless to say there was zero coverage in the Australian media.
Reply from the Daily Bell:
Thanks, we will rework.
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