Detlev Schlichter makes the case for the inevitable failure of a paper money economy, and tells us 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 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.
Cosa ne pensano gli iscritti
- 09 09 2016
A book that everyone should read!
Where does Paper Money Collapse rank among all the audiobooks you’ve listened to so far?
One of the best
What was one of the most memorable moments of Paper Money Collapse?
Explanation on how fiat money threatens the wealth of the middles class and less privileged people, and how this is a tool for manipulation by politicians and the ruling elite.
What about John Lee’s performance did you like?
If you could give Paper Money Collapse a new subtitle, what would it be?
Nothing to note.
Any additional comments?
An alternative money system. A fair money system. A reliable money system.
- 16 05 2017
Insightful and well argued
This is a superbly argued and well explained analysis of modern economics. Eye opening and informative, it sheds a stark light on the crisis and its so called solutions
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