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

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

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
Contributor
Subject
Genre
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"--
Assigning source
Provided by publisher
Cataloging source
CaPaEBR
http://library.link/vocab/creatorDate
1964-
http://library.link/vocab/creatorName
Schlichter, Detlev S.
Index
index present
Literary form
non fiction
Nature of contents
  • standards specifications
  • bibliography
http://library.link/vocab/relatedWorkOrContributorName
ebrary, Inc
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, (electronic resource)
Instantiates
Publication
Bibliography note
Includes bibliographical references and index
Color
multicolored
Contents
pt. 1. The basics of money -- pt. 2. The effects of money injections -- pt. 3. Fallacies about the price level and price level stabilization -- pt. 4. History of paper money : a legacy of failure -- pt. 5. Beyond the cycle : paper money collapse
Control code
ebr10494726
Dimensions
unknown
Extent
xvi, 267 p
Form of item
electronic
Reproduction note
Electronic reproduction.
Specific material designation
remote
System control number
(OCoLC)757394986
Label
Paper money collapse : the folly of elastic money and the coming monetary breakdown, Detlev S. Schlichter, (electronic resource)
Publication
Bibliography note
Includes bibliographical references and index
Color
multicolored
Contents
pt. 1. The basics of money -- pt. 2. The effects of money injections -- pt. 3. Fallacies about the price level and price level stabilization -- pt. 4. History of paper money : a legacy of failure -- pt. 5. Beyond the cycle : paper money collapse
Control code
ebr10494726
Dimensions
unknown
Extent
xvi, 267 p
Form of item
electronic
Reproduction note
Electronic reproduction.
Specific material designation
remote
System control number
(OCoLC)757394986

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      32.771354 -117.193327
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