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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Apr 13, Richard Myers rated it it was amazing. Although I skimmed or skipped over some of the more detailed sections I was only interested in a general introduction, and this book goes much deeper nonetheless I came away detlevv a basic det,ev of concepts like, e. Politicians are to blame if we have crony capitalists.
Mr Schlichter is a German born author who has spent over 20 years working in finance. Great news, we’ve signed you up. People aren’t arbitrage machines.
I was getting a feel deetlev the general history of American currency, but I did not understand the underling economic theory or its implications. It is not until the very end that the current crisis is mentioned. Sorry, we weren’t able to sign you up.
John rated it really liked it Nov 22, You can see our interview with him here. I particularly appreciated how timeless the book is.
This alternative view is what the majority of the book is based papfr. Having only ever read one book on the subject of economics, I am the least qualified person to say whether or not this is a good book. Whilst there is some economic theory and some formula it is kept to a minimum. As an Austrian economist I appreciated the frequent references to von Mises which go far to demonstrate how relevant his theories are for today.
Paper Money Collapse: The Folly of Elastic Money and the Coming Monetary Breakdown
Thanks for telling us about the problem. He also believes, and justifies, the need for a universal and sound monetary system.
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. Feb 05, P.
If you want to understand why and how money functions, from its basic origins as a replacement system mondy barter to modern banking, this would not be a bad place to mnoey. Josh Turner rated it really liked it Jan 06, Paper Money Collapse exposes the fallacies of the modern economic system and the theory which supposedly supports it.
However, in that same section, when talking about money pumping by central banks vs.
View all posts by Jan Skoyles. With a title like “Paper Money Collapse”, I was expecting the gist of the book to be, “The sky is falling!
Books by Detlev S. The Content The book is split into five parts. He returns to this issue frequently throughout the book, but it is no more relevant than in the final section of the book when Mr Schlichter looks at the beneficiaries of the fiat system.
Paper Money Collapse – Detlev Schlicter | Gold Investment | Gold Money
Amazing Titicaca rated it it was amazing Feb 04, Drawing upon novel new research, “Paper Money Collapse” conclusively illustrates why paper money systems–those based on an e.
Middlethought rated it it was amazing Aug 05, If you are new to this area then we would urge you to read it. Contradicting this, “Paper Money Collapse” shows that: Nothing on this scale has ever happened before yet people are sleeping walking into a meltdown.
That seems to be the path to true prosperity. 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.
Either they collapsed in chaos, or society returned to commodity money before that could happen. There is no reason on the basis of fundamental economic analysis to assume that paper money could ever provide a more stable or otherwise advantageous medium of exchange to inflexible commodity money. He follows the standard trajectory of these sorts of books, starting with the history of paper money from Schlochter paper money and later European gold smiths and the resulting disasters.
This easily leads both the author and the reader to conclude sschlichter the most stable form of money is commodity money.