Coverart for item
The Resource Paper money collapse : the folly of elastic money and the coming monetary breakdown, Detlev S. Schlichter

Paper money collapse : the folly of elastic money and the coming monetary breakdown, Detlev S. Schlichter

Label
Paper money collapse : the folly of elastic money and the coming monetary breakdown
Title
Paper money collapse
Title remainder
the folly of elastic money and the coming monetary breakdown
Statement of responsibility
Detlev S. Schlichter
Creator
Subject
Language
eng
Summary
"In an engaging style based on extensive research, Paper Money Collapse shows conclusively why paper money systems - monetary systems that are based on an elastic and constantly expanding supply of money (such as our system today) as opposed to a system of commodity money of essentially fixed supply - are inherently unstable and why they must lead to economic disintegration. All paper money systems in history ended in failure. The book shows why this must be the case and why it will also be the fate of the present system. The conclusions are controversial as they go against 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. The book shows that the present crisis is the unavoidable result of continuously expanding fiat money, that the current policy of accelerated money production to 'stimulate' the economy is counterproductive and that, if pursued further, it will lead to a complete collapse of the monetary system.Paper money systems are confidence games. When the public realizes that the printing press is increasingly used to keep states and banks solvent, this confidence will evaporate quickly. The endgame will then be sovereign default, hyperinflation and economic chaos"--Provided by publisher
Cataloging source
DLC
http://library.link/vocab/creatorDate
1964-
http://library.link/vocab/creatorName
Schlichter, Detlev S.
Index
index present
Literary form
non fiction
Nature of contents
bibliography
http://library.link/vocab/subjectName
  • Paper money
  • Money supply
  • Currency question
  • Credit
Label
Paper money collapse : the folly of elastic money and the coming monetary breakdown, Detlev S. Schlichter
Instantiates
Publication
Copyright
Bibliography note
Includes bibliographical references and index
Carrier category
volume
Carrier category code
nc
Carrier MARC source
rdacarrier.
Content category
text
Content type code
txt
Content type MARC source
rdacontent.
Control code
FIEb16998340
Dimensions
23 cm.
Extent
xvi, 267 pages
Isbn
9781118095751
Media category
unmediated
Media MARC source
rdamedia.
Media type code
n
System control number
(OCoLC)711044811
Label
Paper money collapse : the folly of elastic money and the coming monetary breakdown, Detlev S. Schlichter
Publication
Copyright
Bibliography note
Includes bibliographical references and index
Carrier category
volume
Carrier category code
nc
Carrier MARC source
rdacarrier.
Content category
text
Content type code
txt
Content type MARC source
rdacontent.
Control code
FIEb16998340
Dimensions
23 cm.
Extent
xvi, 267 pages
Isbn
9781118095751
Media category
unmediated
Media MARC source
rdamedia.
Media type code
n
System control number
(OCoLC)711044811

Library Locations

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      43.803074 11.283055
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