Login

Schlichter, Detlev S.

Paper Money Collapse: The Folly of Elastic Money and the Coming Monetary Breakdown

Schlichter, Detlev S. - Paper Money Collapse: The Folly of Elastic Money and the Coming Monetary Breakdown, ebook

39,70€

Ebook, ePUB with Adobe DRM
ISBN: 9781118127827
DRM Restrictions

Printing72 pages with an additional page accrued every 11 hours, capped at 72 pages
Copy to clipboard12 excerpts

The case for the inevitable failure of a paper money economy and what that means for the future

All paper money systems in history have ended in failure. Either they collapsed in chaos, or society returned to commodity money before that could happen. Drawing upon novel new research, Paper Money Collapse conclusively illustrates why paper money systems—those based on an elastic and constantly expanding supply of money as opposed to a system of commodity money of essentially fixed supply—are inherently unstable and why they must lead to economic disintegration.

These highly controversial conclusions clash with the present consensus, which holds that elastic state money is superior to inflexible commodity money (such as a gold standard), and that expanding money is harmless or even beneficial for as long as inflation stays low. Contradicting this, Paper Money Collapse shows that:

  • The present crisis is the unavoidable result of continuously expanding fiat money
  • The current policy of accelerated money production to "stimulate" the economy is counterproductive and could lead to a complete collapse of the monetary system
  • Why many in financial markets, in media, and in the policy establishment are unable (and often unwilling) to fully appreciate the underlying problems with elastic money

This compelling new book looks at the breakdown of modern economic theory and the fallacy of mathematical models. It is an analysis of the current financial crisis and shows in very stark terms that the solutions presented by paper money-enthusiasts around the world are misguided and inherently flawed.

Keywords: Finance & Investments Special Topics, Paper money failure book, gold standard guide, financial crisis theory book, elastic money supply, Austrian School of Economics, maksuvälineet, käteisraha, rahajärjestelmät, rahamarkkinat

Author(s)
Publisher
John Wiley and Sons, Inc.
Publication year
2011
Language
en
Edition
1
Page amount
240 pages
Category
Economy
Format
Ebook
eISBN (ePUB)
9781118127827
Printed ISBN
9781118095751

Similar titles