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010   $a9786613257987
010   $a1-118-12780-3
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100   $a20110415d2011      uy             0
101 0 $aeng
135   $aur|n|---|||||
181   $ctxt
182   $cc
183   $acr
200 10$aPaper money collapse$b[electronic resource] $ethe folly of elastic money and the coming monetary breakdown /$fDetlev S. Schlichter
205   $a1st edition
210   $aHoboken, N.J. $cWiley$d2011
215   $a1 online resource (287 p.)
300   $aDescription based upon print version of record.
311   $a1-118-09575-8 
320   $aIncludes bibliographical references and index.
327   $apt. 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.
330   $a"In an engaging style based on extensive research, Paper Money Collapse shows conclusively why paper money systems - monetary systems that are based on an elastic and constantly expanding supply of money (such as our system today) as opposed to a system of commodity money of essentially fixed supply - are inherently unstable and why they must lead to economic disintegration. All paper money systems in history ended in failure. The book shows why this must be the case and why it will also be the fate of the present system. The conclusions are controversial as they go against the present consensus, which holds that elastic state money is superior to inflexible commodity money (such as a gold standard), and that expanding money is harmless or even beneficial for as long as inflation stays low. The book shows that the present crisis is the unavoidable result of continuously expanding fiat money, that the current policy of accelerated money production to 'stimulate' the economy is counterproductive and that, if pursued further, it will lead to a complete collapse of the monetary system.Paper money systems are confidence games. When the public realizes that the printing press is increasingly used to keep states and banks solvent, this confidence will evaporate quickly. The endgame will then be sovereign default, hyperinflation and economic chaos"--$cProvided by publisher.
606   $aPaper money
606   $aMoney supply
606   $aCurrency question
606   $aCredit
615  0$aPaper money.
615  0$aMoney supply.
615  0$aCurrency question.
615  0$aCredit.
676   $a332.4/044
686   $aBUS022000$2bisacsh
700   $aSchlichter$b Detlev S.$f1964-$0889782
801  0$bMiAaPQ
801  1$bMiAaPQ
801  2$bMiAaPQ
906   $aBOOK
912   $a9910781612103321
996   $aPaper money collapse$91987906
997   $aUNINA