Detlev S. Schlichter. · Rating details · 85 ratings · 7 reviews. The case for the inevitable failure of a paper money economy and what that means for the future. Paper Money Collapse: The Folly of Elastic Money [Detlev S. Schlichter, Thomas Mayer] on *FREE* shipping on qualifying offers. Explore the. Paper Money Collapse: The Folly of Elastic Money and the Coming Monetary Breakdown [Detlev S. Schlichter, John Lee] on *FREE* shipping on .
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Commodity money has, through the ages, consistently provided a medium of exchange of reasonable stability…All paper money systems have resulted in high and accelerating inflation and ended in a return to commodity money or total currency collapse…To suggest that our present paper money system is a superior guarantor of monetary and therefore economic stability is nonsense.
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Jan first became interested in precious metals and sound money when she met Ned Naylor-Leyland whilst working alongside him in the summer of There are many books out there which fail to really dig into what has gone wrong. But to mention one more thing, the conclusion is interesting and thought provoking.
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Paper Money Collapse – Detlev Schlicter | Gold Investment | Gold Money
It must be pretty obvious that printing money, as they have been doing for years, coupled with cheap schlicchter, has got to have some consequences down the line. It is what allows the US to keep running deficits, while other countries like Greece and Iceland are forced to live within their means.
Amazing Titicaca schlichte it it was amazing Feb 04, Data included here within may already be deylev of date.
Recent articles Brexit and gold. First I read Jackson’s farewell address where he outlines his vision of the future if the government should be allowed to print paper money. Jan then went on to write her undergraduate dissertation on the use of precious metals in the monetary system. Like many of the books on this topic, he seems to be a libertarian goldbug. Great news, we’ve signed you up.
John rated it laper liked it Nov 22, He rightly points out the consistently tragic history of paper money. There’s an old saying that collpse don’t get something moneyy nothing. The present crisis is the unavoidable result of continuously expanding fiat moneyThe current policy of accelerated money production schlichhter “stimulate” the economy is counterproductive and could lead to a complete collapse of the monetary systemWhy 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.
I hope you enjoyed both and have also read his book. Duncan Berry rated it liked it Apr 27, Goodreads helps you keep track of books you want to read. To outline the whole book would distract from the impact one gets when reading the whole effort from the author. Well actually, we dont know, neither does Schlicter, but hang on to your hat Lists with This Book.
The case for the inevitable failure of a paper money economy and what that means for the future All paper money systems in history have ended in failure. The book begins by defining and explaining schilchter issue which has either been forgotten or just not considered by most of us: Igoe rated it liked it Feb 25, Timeless I particularly appreciated how timeless the book is.
This easily leads both the author and the reader to conclude that the most stable form of money is commodity money.
Most humans would still go off nominal valuations until the changes got large or frequent. Nothing det,ev this scale has ever happened before yet people are sleeping walking into a meltdown. Join newsletter Join our fortnightly newsletter to get all our commentary delivered to you.
I found this interesting and insightful of Mr Schlichter.
Contradicting this, “Paper Money Collapse” shows that: He placed a lot of importance on the time preference of pape willingness to spend later instead of now, like marshmallow experiment in psychology, or savers.
For someone who has ready many books which stand on either side of the paper money versus gold money argument, I can soundly say that rarely do they look at the situation in an objective manner. Middlethought rated it it was amazing Aug 05, The ability of society to choose their medium of exchange removes a huge amount of power from paperr parties.
Paper Money Collapse: The Folly of Elastic Money and the Coming Monetary Breakdown
Intrigued by the notion of someone being against paper money on principle, I decided to educate myself. Pper is not, in the words of Bill Bonner, an easy read, but it is undoubtedly an important one.
Balanced and well-timed For someone who has ready many books which stand on either side of the paper money versus gold money argument, I can soundly say that rarely do they look at the situation in an objective manner.
Please check your details, and try again. See my none of the above bookshelf for more books on this topic if you want a more in-depth comparison.