There is an overall theme to the Silver Bear Cafe. We believe that a person must first be aware of what is going on before they can understand it and deal with it effectively. The following is, what we consider, a primer in monetary economics. In order to manage your financial affairs, you must first have some idea of what you are up against. Welcome to the classroom of Professor Antal E. Fekete.
Professor Antal E. Fekete was born and educated in Hungary. He immigrated to Canada in 1956. In addition to teaching in Canada, he worked in the Washington DC office of Congressman W. E. Dannemeyer for five years on monetary and fiscal reform till 1990. He taught as visiting professor of economics at the Francisco Marroquin University in Guatemala City in 1996. Since 2001 he has been consulting professor at Sapientia University, Cluj-Napoca, Romania. In 1996 Professor Fekete won the first prize in the International Currency Essay contest sponsored by Bank Lips Ltd. of Switzerland.
Monetary Economics 101: The Real Bills Doctrine of Adam Smith, by Prof. Antal Fekete