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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I read this book as research for my upcoming novel The Internet President: Gigero rated it it was amazing Jul 01, It must be pretty obvious that printing money, as they have been doing for years, coupled with cheap credit, has got to have some consequences down the line.
It is a simple fact that a return to a system of inflexible commodity money, such as a proper gold standard, would deprive not only the state and banking industry of a source of power and profit but also the economics profession of positions of influence and income.
That seems to be the path to true prosperity. The arguments against the paper system and why it will inevitably collapse are well defended and reasoned. It’s hard not to agree with Schlichter – the end of elastic money, one way or another, is coming.
Apr 22, Fr. However as Mr Schlichter demonstrates, money is just a medium of exchange which is chosen by the people.
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.
To outline the whole book would distract from the impact one gets when reading the whole effort from the author. Sundling rated it really liked it Shelves: If you are new to this area then we would urge you to read it. Dennis rated it liked it May 20, 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 tears.
Timeless I particularly appreciated how timeless the book is. It is not, in the words of Bill Bonner, an easy read, but it is undoubtedly an important one.
You do not need to be an economist in order to appreciate this book. This book has arrived at absolutely the right time and not a moment too soon. 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. Lists with This Book. Feb 22, Mike rated it liked it. There are many books out there which fail to really dig into what has gone wrong.
He takes many of the justifications for a paper money system and asks what would happen under a commodity system, i. It provides an excellent introduction to the dangers of our current monetary system. Win rated it it was amazing Jan 05, If that aspect was addressed, this would be a 5-star book.
Paper Money Collapse – Detlev Schlicter | Gold Investment | Gold Money
The top five gold commentators. He does make good points like lowering interest rates tend to go to recipients who were marginally unprofitable under the previous rates.
Whilst there is some economic theory collxpse some formula it is kept to a minimum. Balanced and well-timed For someone who has ready many books which stand on either side of the paper money versus gold sdhlichter argument, I can soundly say that rarely do they look at the situation in an objective manner. A difficult read, especially at bedtime… but riveting nonetheless.
Pavel rated it really liked it Mar 02, Businesses play colalpse as long as the music lasts. There’s an old saying that you don’t get something for nothing. Jordi van der Meulen rated it it was amazing Jan 05, 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.
Gold posted its biggest monthly gain in 3 years in January. Login Free Sign Up. He returns to this schlicbter 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: The Folly of Elastic Money and the Coming Monetary Breakdown
The author analyses these economic phenomenon which many of us take for granted. Constitution, where Section 10 of Article 1 states that “No State shall [ Schlcihter this, “Paper Money Collapse” shows that: Jan then sculichter on to write her undergraduate dissertation on the use of precious metals in the monetary system. However, in that same section, when talking about money pumping by central banks vs.
The endgame is always massive inflation and loss of confidence in the paper.
Either they collapsed in chaos, or society returned to commodity money before that could happen. He placed a lot of importance on the time preference of consumers willingness to spend later instead of now, like marshmallow experiment in psychology, or savers. The state derives substantial benefits from the money franchise, and so does shclichter financial industry…a timely return to hard money can almost be ruled out.
Schlichter uses a valid educational approach of layering.