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Paper money collapse the folly of elastic money the coming monetary breakdown unabridged book review by qbba

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Paper money collapse the folly of elastic money the coming monetary breakdown unabridged book review by qbba

  1. 1. Paper Money Collapse: The Folly of Elastic Money and the Coming Monetary Breakdown (Unabridged)Detlev Schlichter makes the case for the inevitable failure of a paper moneyeconomy, and tells us what that means for the future. All paper money systems inhistory have ended in failure. Either they collapsed in chaos, or society returned tocommodity money before that could happen. Drawing upon novel research, PaperMoney Collapse conclusively illustrates why paper money systems - those based onan elastic and constantly expanding supply of money as opposed to a system ofcommodity money of essentially fixed supply - are inherently unstable and why theymust lead to economic disintegration. These highly controversial conclusions clashwith the present consensus, which holds that elastic state money is superior toinflexible commodity money (such as a gold standard), and that expanding money isharmless or even beneficial for as long as inflation stays low. Contradicting this,Paper Money Collapse shows that:The present crisis is the unavoidable result ofcontinuously expanding fiat moneyThe current policy of accelerated moneyproduction to "stimulate" the economy is counterproductive and could lead to acomplete collapse of the monetary systemWhy many in financial markets, in media,and in the policy establishment are unable (and often unwilling) to fully appreciate theunderlying problems with elastic money This compelling new book looks at thebreakdown of modern economic theory and the fallacy of mathematical models. It isan analysis of the current financial crisis and shows in very stark terms that thesolutions presented by paper-money-enthusiasts around the world are misguided andinherently flawed.Category: Nonfiction > EconomicsAuthor: Detlev S. SchlichterPublisher: Audible, Inc.Reader: John LeeAudiobook length: 9 hours and 51 min. Listen to a sample of this audiobook online at www.qbba.com

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