Credit And The Two Sources From Which It Springs

Money and Credit - Volume IV Austrian economist Prof. Antal Fekete has published his Opus Magnum in 4 volumes or about 900 pages. This final volume contains several proposals to recover economic science and reinstate Carl Menger. The economic abuses , conundrums, crises, aberrations, unemployment, credit abuse and general evaporation of savings cast a large shadow over mainstream economic science. The current crop of economists risks being buried under the rubble of he collapse of a well-fare state, which is just a euphemism for a parasitical 'system' that sustains one group at the expense of another. There is no economic progress, but simply exploitation. Hot 'money' is the result and tax administrations hunt it down for their share of the loot. If we want to preserve credit and civilisation, we need to revert back to honest money and proper economic science. Cleaning the Augean stables will be a Herculanean effort. But if we do not start this unpleasant job of resisting parasitical elements, than nature will do it for us. This parasite kills its host by spending everyone's savings and subjecting all future generations to serfdom. In this fourth volume several propositions have been made to the finer subjects of economic science such as the future markets, the economics of precious metal mining and more. In its final section on monetary cranks, the tables are reversed. But one needs to read the other volumes why this is so. By reversing the tables, the parasite is exposed and hope may be restored for future generations.

A full colour hardcover publication of Fekete's mangum opus. Volume IV of a never published Treatise on Gold, Interest and Discount and the hitherto undiscovered links between them, necessary for the distributed decision making on interest rates or discount rates.  A penetrating study of the inner working of the gold standard. Academic work with bibliography, notes and illustrations.