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Record Nr. |
UNINA9910457939503321 |
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Autore |
Schlichter Detlev S. <1964-> |
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Titolo |
Paper money collapse [[electronic resource] ] : the folly of elastic money and the coming monetary breakdown / / Detlev S. Schlichter |
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Pubbl/distr/stampa |
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Hoboken, N.J., : Wiley, 2011 |
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ISBN |
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1-283-25798-X |
9786613257987 |
1-118-12780-3 |
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Edizione |
[1st edition] |
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Descrizione fisica |
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1 online resource (287 p.) |
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Disciplina |
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Soggetti |
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Paper money |
Money supply |
Currency question |
Credit |
Electronic books. |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Description based upon print version of record. |
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Nota di bibliografia |
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Includes bibliographical references and index. |
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Nota di contenuto |
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pt. 1. The basics of money -- pt. 2. The effects of money injections -- pt. 3. Fallacies about the price level and price level stabilization -- pt. 4. History of paper money : a legacy of failure -- pt. 5. Beyond the cycle : paper money collapse. |
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Sommario/riassunto |
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"In an engaging style based on extensive research, Paper Money Collapse shows conclusively why paper money systems - monetary systems that are based on an elastic and constantly expanding supply of money (such as our system today) as opposed to a system of commodity money of essentially fixed supply - are inherently unstable and why they must lead to economic disintegration. All paper money systems in history ended in failure. The book shows why this must be the case and why it will also be the fate of the present system. The conclusions are controversial as they go against 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. The book shows that the present crisis is the unavoidable result of |
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