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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He follows the standard trajectory of these sorts of books, starting with the history of paper money from Chinese pa;er money and later European gold smiths and the resulting disasters. John rated it really liked it Nov 22, Recent articles Brexit and gold.
The reality is quite the opposite.
I think he very easily puts the naysayers to rest. The top five gold commentators. This easily leads both the author and the reader to conclude that the most stable form of money is commodity money. 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.
Paper Money Collapse – Detlev Schlicter | Gold Investment | Gold Money
Balanced and well-timed For someone who has ready many books which stand on either side of the paper money versus gold money argument, I can soundly say that rarely do they look at the situation in an objective manner.
Refresh and try again. How come George Soros is buying gold? This alternative view is what the majority of the book is based on. To see what your friends thought of this book, please sign up. Want to Mmoney Currently Reading Read. We believe it will gain even more attention over the next year.
Leif Ohlsson rated it liked it Sep 14, The book begins by defining and explaining the issue which has either been forgotten or just not considered by most of detleb Only in the complete abstract. Politicians are to blame if we have crony capitalists. 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: All paper money systems in history have ended in failure. He rightly points out the consistently tragic history of paper money. Constit When it was announced that Andrew Jackson would be taken off the twenty dollar bill, social media pundits began to remark on the irony of his being on a bill in the first place, given his hatred of paper money.
Aditya Jandial rated it really liked it Nov 09, Holistic savings, he writes: 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 schlichger industry of a source of power and profit but also the economics profession of positions of influence and income.
A difficult read, especially at bedtime… but riveting nonetheless.
Why is Germany repatriating their gold? By looking at the historical perspective on price level stability Mr Schlichter explains the extreme inflationary tendencies of the paper money system and the price level.
I was getting a feel for the general history of American currency, but I did not understand the underling economic theory or its implications. Thanks for reading the review and watching the interview so carefully. There are no discussion topics on scglichter book yet.
It outlines why the current paper money system is headed for collapsewhich Mr Schlichter sees as inevitable. Each xollapse topic is clearly outlined and discussed in manageable chapters.
Jan first became interested in precious metals and sound money when she met Ned Naylor-Leyland whilst working alongside cllapse in the summer of Apr 22, Fr. Data included here within may already be out of date. Having only ever read one book on the subject of economics, I am the least qualified person to say whether or not this is a cshlichter book.
It is what allows the US to keep running deficits, while other countries like Greece and Iceland are forced to live within their means. The endgame is always massive inflation and loss of confidence in the paper.
She has appeared on news channels including Russia Today to discuss the gold price and gold investing.
Paper Money Collapse: The Folly of Elastic Money and the Coming Monetary Breakdown
This book has arrived at absolutely the right time and not a moment too soon. People aren’t arbitrage machines. Moneg also believes, and justifies, detleb need for a universal and sound monetary system. It’s hard not to agree with Schlichter – the end of elastic money, one way or another, is coming.
Jordi van der Meulen rated it it was amazing Jan 05, Commodity money has, through the ages, consistently provided a medium of exchange of reasonable stability…All paper money systems have resulted in high and accelerating inflation and ended in a return to commodity money or total currency collapse…To suggest that our present paper money system is a superior guarantor of monetary and therefore economic stability is nonsense.
Whilst Mr Schlichter is clearly an Austrian with a belief in sound money, he does an excellent job of looking at both sides of the arguments. It is not until the very end that the current crisis is mentioned.
None of the Above. That explains the malinvestments that happen in booms that has to be cleared out in busts. For many amongst us we believe money is in existence due to authorities issuing it. Gigero rated it it was amazing Jul 01, You can see our interview with him here.