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Author : Ralph T. Foster
Release : 2011
Genre : Currency question
Kind : eBook
Book Rating : 615/5 ( reviews)
Book Synopsis Fiat Paper Money by : Ralph T. Foster
Download or read book Fiat Paper Money written by Ralph T. Foster. This book was released on 2011. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Detlev S. Schlichter
Release : 2014-07-21
Genre : Business & Economics
Kind : eBook
Book Rating : 322/5 ( reviews)
Book Synopsis Paper Money Collapse by : Detlev S. Schlichter
Download or read book Paper Money Collapse written by Detlev S. Schlichter. This book was released on 2014-07-21. Available in PDF, EPUB and Kindle. Book excerpt: Explore the inevitable collapse of the fiat monetary system Paper Money Collapse: The Folly of Elastic Money, Second Edition challenges the mainstream consensus on money and monetary policy. While it is today generally believed that the transition from 'hard' and inflexible commodity money (such as a gold standard) to entirely flexible and potentially unlimited fiat money under national central banks allows for superior economic stability, Paper Money Collapse shows that the opposite is true. Systems of highly elastic and constantly expanding money are not only unnecessary, even for growing economies, they are always extremely destabilizing. Over time, they must lead to substantial imbalances, including excessive levels of debt and distorted asset prices, that will require ever faster money production to sustain. Ultimately, however, there is no alternative to a complete liquidation of these distortions. Based on insights of many renowned economists and in particular of the Austrian School of Economics, the book explains through rigorous logic and in precise language why our system of flexible fiat money is incompatible with a market economy and therefore unsustainable. Paper money systems have always led to economic disintegration—without exception—throughout history. It will not be different for our system and we may be closer to the endgame than many think. The updated second edition incorporates: A new introduction and an extended outlook section that discusses various "endgames" Responses to criticisms, alternative views, and a critical assessment of 'solutions' Comments on recent policy trends, including attempts to exit the 'easy money' policy mode An evaluation of new crypto-currency Bitcoin Paper Money Collapse: The Folly of Elastic Money, Second Edition clarifies the problem of paper money clearly and eloquently, and proposes multiple routes to a solution.
Author : Andrew Dickson White
Release : 1952
Genre : Assignats
Kind : eBook
Book Rating : 490/5 ( reviews)
Book Synopsis Fiat Money Inflation in France by : Andrew Dickson White
Download or read book Fiat Money Inflation in France written by Andrew Dickson White. This book was released on 1952. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Detlev S. Schlichter
Release : 2011-08-31
Genre : Business & Economics
Kind : eBook
Book Rating : 82X/5 ( reviews)
Book Synopsis Paper Money Collapse by : Detlev S. Schlichter
Download or read book Paper Money Collapse written by Detlev S. Schlichter. This book was released on 2011-08-31. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Author : Andrew Dickson White
Release : 1882
Genre : Assignats
Kind : eBook
Book Rating : /5 ( reviews)
Book Synopsis Paper Money Inflation in France by : Andrew Dickson White
Download or read book Paper Money Inflation in France written by Andrew Dickson White. This book was released on 1882. Available in PDF, EPUB and Kindle. Book excerpt:
