Paper Money Collapse
The Folly of Elastic Money and the Coming Monetary Breakdown. Forew. by Addison Wiggin
(Sprache: Englisch)
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. Either they collapsed in chaos, or society returned to commodity money before that could happen....
Leider schon ausverkauft
versandkostenfrei
Buch (Gebunden)
34.25 €
- Lastschrift, Kreditkarte, Paypal, Rechnung
- Kostenlose Rücksendung
Produktdetails
Produktinformationen zu „Paper Money Collapse “
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. Either they collapsed in chaos, or society returned to commodity money before that could happen. Drawing upon novel new 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.lastic 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 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. Either they collapsed in chaos, or society returned to commodity money before that could happen. Drawing upon novel new 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.
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.lastic 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
Klappentext zu „Paper Money Collapse “
Winner of the getAbstract International Book Award 2012!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. Either they collapsed in chaos, or society returned to commodity money before that could happen. Drawing upon novel new 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.
The recent financial crisis has exposed the instability of our financial system. While there is plenty of talk of reform, few commentators are yet willing to consider that the root cause could be the transition from commodity money to limitless paper money, although the track record of paper money systems is uniformly discouraging: Throughout human history, all paper money systems have either collapsed in chaos, or society has returned to commodity money (usually based on gold) before a total currency disaster occurred. This book shows why this was the case and why this is also the choice we are facing today.
Drawing upon ground breaking new research, Paper Money Collapse conclusively demonstrates 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, by their very nature, lead to economic disorder.
These highly controversial findings clash with the general consensus that elastic state money is superior to inflexible commodity money, and that expanding money is harmless or even beneficial as long as inflation remains contained.
In an engaging style based on extensive study and analysis, this compelling new book exposes the fallacies of mainstream macroeconomics and debunks erroneous conventional wisdom. It explains why many people working in financial markets, in the media, and in policy establishment positions are unable (and often unwilling) to fully appreciate the underlying problems with elastic money and the danger it presents.
Paper Money Collapse shows in the starkest terms that the recent crisis is far from over and that the solutions presented by the advocates of paper money around the world are misguided and inherently flawed, in particular the current policy of accelerated paper money production to "stimulate" the economy. If these policies are continued, a complete currency catastrophe will be inevitable.
An absolute must-read for economists, individual investors, and anyone with an interest in finance, Paper Money Collapse will change the way you think about our financial system-and about how to take control of your own financial future.alysis, this compelling new book exposes the fallacies of mainstream macroeconomics and debunks erroneous conventional wisdom. It explains why many people working in financial markets, in the media, and in policy establishment positions are unable (and often unwilling) to fully appreciate the underlying problems with elastic money and the danger it presents.
Paper Money Collapse shows in the starkest terms that the recent crisis is far from over and that the solutions presented by the advocates of paper money around the world are misguided and inherently flawed, in particular the current policy of accelerated paper money production to "stimulate" the economy. If these policies are continued, a complete currency catastrophe w
Drawing upon ground breaking new research, Paper Money Collapse conclusively demonstrates 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, by their very nature, lead to economic disorder.
These highly controversial findings clash with the general consensus that elastic state money is superior to inflexible commodity money, and that expanding money is harmless or even beneficial as long as inflation remains contained.
In an engaging style based on extensive study and analysis, this compelling new book exposes the fallacies of mainstream macroeconomics and debunks erroneous conventional wisdom. It explains why many people working in financial markets, in the media, and in policy establishment positions are unable (and often unwilling) to fully appreciate the underlying problems with elastic money and the danger it presents.
Paper Money Collapse shows in the starkest terms that the recent crisis is far from over and that the solutions presented by the advocates of paper money around the world are misguided and inherently flawed, in particular the current policy of accelerated paper money production to "stimulate" the economy. If these policies are continued, a complete currency catastrophe will be inevitable.
An absolute must-read for economists, individual investors, and anyone with an interest in finance, Paper Money Collapse will change the way you think about our financial system-and about how to take control of your own financial future.alysis, this compelling new book exposes the fallacies of mainstream macroeconomics and debunks erroneous conventional wisdom. It explains why many people working in financial markets, in the media, and in policy establishment positions are unable (and often unwilling) to fully appreciate the underlying problems with elastic money and the danger it presents.
Paper Money Collapse shows in the starkest terms that the recent crisis is far from over and that the solutions presented by the advocates of paper money around the world are misguided and inherently flawed, in particular the current policy of accelerated paper money production to "stimulate" the economy. If these policies are continued, a complete currency catastrophe w
Inhaltsverzeichnis zu „Paper Money Collapse “
- Foreword xi - Acknowledgments xv
- Prologue: The Brave New World of Elastic Money 1
Part One: The Basics of Money 19
Chapter 1: The Fundamentals of Money and Money Demand 21
Chapter 2: The Fundamentals of Fractional-Reserve Banking 49
Part Two: The Effects of Money Injections 83
Chapter 3: Money Injections without Credit Markets 85
Chapter 4: Money Injections via Credit Markets 97
Part Three: Fallacies about the Price Level and Price Level Stabilization 125
Chapter 5: Common Misconceptions Regarding the Price Level 127
Chapter 6: The Policy of Stabilization 149
Part Four: History of Paper Money: A Legacy of Failure 161
Chapter 7: A Brief History of State Paper Money 163
Part Five: Beyond the Cycle: Paper Money Collapse 171
Chapter 8: The Benefi ciaries of the Paper Money System 173
Chapter 9: The Intellectual Superstructure of the Present System 185
Chapter 10: Beyond the Cycle: Paper Money's Endgame 221
- Epilogue: A Return to Commodity Money 241
- Notes 247
- About the Author 259
- Index 261>
Part Two: The Effects of Money Injections 83
Chapter 3: Money Injections without Credit Markets 85
Chapter 4: Money Injections via Credit Markets 97
Part Three: Fallacies about the Price Level and Price Level Stabilization 125
Chapter 5: Common Misconceptions Regarding the Price Level 127
Chapter 6: The Policy of Stabilization 149
Part Four: History of Paper Money: A Legacy of Failure 161
Chapter 7: A Brief History of State Paper Money 163
Part Five: Beyond the Cycle: Paper Money Collapse 171
Chapter 8: The Benefi ciaries of the Paper Money
Autoren-Porträt von Detlev S. Schlichter
DETLEV S. SCHLICHTER is a writer and Austrian school economist who has spent nearly twenty years working in international finance, including stints at Merrill Lynch, J.P. Morgan, and Western Asset Management. In his career, Schlichter has overseen billions in assets for institutional clients around the globe.
Bibliographische Angaben
- Autor: Detlev S. Schlichter
- 2011, 288 Seiten, Maße: 16,2 x 23,2 cm, Gebunden, Englisch
- Verlag: Wiley & Sons
- ISBN-10: 1118095758
- ISBN-13: 9781118095751
- Erscheinungsdatum: 18.11.2011
Sprache:
Englisch
Rezension zu „Paper Money Collapse “
‘...An excellent introduction to the dangers of our current monetary system.' (therealasset.co.uk, January 2012)
Kommentar zu "Paper Money Collapse"
0 Gebrauchte Artikel zu „Paper Money Collapse“
Zustand | Preis | Porto | Zahlung | Verkäufer | Rating |
---|
Schreiben Sie einen Kommentar zu "Paper Money Collapse".
Kommentar verfassen