03057cam a22004454a 4500 16737941 BJBSDDR 20250804130444.0 ta 110415s2011 nju b 001 0 eng 2011015865 015821026 Uk 9781118095751 (hardback) 1118095758 (hardback) 7045977 (OCoLC)ocn711044811 DLC DLC YDX BTCTA YDXCP UKMGB VP@ BWX CDX PUL YUS STF DLC eng eng pcc HG 353 S344p 2011 332.4/044 Schlichter, Detlev S., 1964- 43951 Paper money collapse : the folly of elastic money and the coming monetary breakdown / Detlev S. Schlichter. Hoboken, N.J. : John Wiley & Sons, c2011. xvi, 267 pages ; 24 cm. Includes bibliographical references and index. 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 "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. Paper money. Papel moneda 2630 Money supply. Disponibilidades monetarias 43952 Currency question. Cuestión monetaria 10208 Credit. Crédito 7440 7 cbc orignew 1 ecip 20 y-gencatlg lcc BK 123861 123861 0 0 lcc 0 0 CS BJB BJB CS 2025-06-13 0 HG 353 S344p 2011 00000192974 2025-06-13 00:00:00 1 2025-06-13 BK