Paper Money Collapse

The Folly of Elastic Money and the Coming Monetary Breakdown

By: Detlev S. Schlichter

Narrated by: John Lee

Length: 9 hrs and 51 mins

Publisher's summary

Detlev Schlichter makes the case for the inevitable failure of a paper money economy and tells us 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 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 audiobook 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.

©2011 Detlev S. Schlichter (P)2012 Audible, Inc.

Must read for all aspiring economists and knowledge seekers

This is by far the best book I’ve ever come across that I believe correctly assesses the problems, not only in America, but all economies around the world.

This is written in a way that is for the most part, easy to digest, and gives a roundabout assessment and conclusion that coincides with the Austrian theorists. This is a book I will now on recommend for people who are searching for economic knowledge, because I believe it correctly laid the groundwork for what is going on, why this is a problem, and the best possible solution to solving the ongoing problems, we see within all economies around the world. Truly an outstanding piece of work, kudos to the author I will definitely be taking a look at his other pieces of work.