Paper Money Collapse The Folly of Elastic Money and the Coming Monetary Breakdown
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- 22-01-2023, 23:26
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Detlev S. Schlichter, "Paper Money Collapse: The Folly of Elastic Money and the Coming Monetary Breakdown"
English | ISBN: 1118095758 | 2011 | 288 pages | EPUB, MOBI | 299 KB + 463 KB
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.
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