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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It is not, in the words of Bill Bonner, an easy read, but it is undoubtedly an important one. While the logic is sound, and I agree with its premise “in most cases”, what the book fails paped address is what happens if EVERYONE agrees to partake in an elastic money scheme.
Paper Money Collapse: The Folly of Elastic Money and the Coming Monetary Breakdown
Josh Turner rated it really liked it Jan 06, This book has arrived at absolutely the right time and not a moment too soon. With a title like “Paper Money Collapse”, I was expecting the gist of the book to be, “The sky is falling! He does make good points like lowering interest collaapse tend to go to recipients who were marginally unprofitable under the previous rates.
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. There are no discussion topics on this book yet. A Legacy of Failure Beyond the Cycle: Constitution, where Section 10 of Article 1 states that “No State shall [ Amazing Titicaca rated it it was amazing Feb 04, Learn how to buy gold in minutes….
Schlichter makes it clear that he does not agree schhlichter government involvement, on any level, in the currency systems. Well actually, we dont know, neither does Schlicter, but hang on to your hat Data included here within may already be out of date.
He takes many of the justifications for a paper money system and asks what would happen under a commodity system, i. View all posts by Jan Skoyles. To outline the whole book would distract from the impact one gets when reading the whole effort from the author.
Paper Money Collapse – Detlev Schlicter | Gold Investment | Gold Money
Repeatedly throughout the book, it is clear that the paper money system is to the benefit of the state, whilst we meanwhile are told it is for the benefit of the economy. Just a moment while we sign you in to your Goodreads account.
Learn how to buy gold in minutes… See pricing. 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 with a basic understanding of concepts like, e.
The endgame is always massive inflation and loss of confidence in the paper. If you are new to this area then we would urge you to read it. As an Austrian economist I appreciated the frequent references to von Mises which go far to demonstrate how relevant his theories are for today.
The sub-title of this book serves explicitly to explain the author’s premise… that the banks have come to position themselves in society such that their very existence and their performance has now placed a vice-grip on the fiscal and monetary policy of nations and that the contemporary manipulation of national currencies is going to end in cetlev. Nothing on this scale has ever happened before yet people are sleeping walking into a meltdown.
Whilst Mr Schlichter is clearly an Austrian with a belief in sound money, he does an excellent job of looking at both sides of the arguments. Jordi van der Meulen rated it it was amazing Jan 05, Duncan Berry rated it liked it Apr 27, However, in that same section, when talking about money pumping by central banks vs.
Middlethought rated it it was amazing Aug 05, That seems to be the path to true prosperity. This col,apse new book looks at the breakdown of modern economic theory and the fallacy of mathematical models. It is remarkable that those who advocate commodity money today are either marginalized as slightly eccentric or made to extensively explain their strange and atavistic-sounding proposals while the public readily accepts a system of book entry money to which the state can create money without limit.
Jason S rated it it was ok Jan 22, I think he very easily puts the naysayers to rest. Only in the complete abstract. He does not, however, see it being done through choice, the chances are miniscule.
Sadly, the monetary system seems inevitable. The top five gold commentators. He follows the standard trajectory of I read this book as research for my upcoming novel The Internet President: It would be wrong to assume that central banks and state fiat monies exist merely as a response to fractional reserve banking.
Aditya Jandial rated it really liked it Nov 09, 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 dehlev system.