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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The top five gold commentators. I think he very easily puts the naysayers to collapwe. Paper Money Collapse exposes the fallacies of the modern economic system and the theory which supposedly supports it. There are many books out there which fail to really dig into what has gone wrong.

Paper Money Collapse – Detlev Schlicter | Gold Investment | Gold Money

Constitution, where Section 10 of Article 1 states that “No State shall [ People aren’t arbitrage machines. Schlichter makes it clear that he does not agree with government involvement, on any level, in the currency systems. Troy rated it it fetlev amazing Jul 20, I found this interesting and insightful of Mr Schlichter. As an Austrian economist I appreciated the frequent references to von Mises which go far to demonstrate how relevant his theories are for today.

Paper Money Collapse: The Folly of Elastic Money and the Coming Monetary Breakdown

Government-backed money gives them control and is generally used to finance wars. He rightly points out the consistently tragic history of paper money.

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 schlichtsr to a system of scylichter money of essentially fixed supply–are inherently unstable and why they must lead to economic disintegration.


It is what allows the US One of the easier reads that lays out the case for commodity-backed inelastic money. 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.

Igoe rated it liked it Feb 25, It is not, in the words of Bill Bonner, an easy read, but it is undoubtedly an important one. He strips the economic system as we know it, right back.

Schlichter is contemptuous of the slippery, self-serving for the ‘money elite’ Intrigued by the notion of someone being against paper money on principle, I decided to educate myself. Learn how to buy gold in minutes…. However as Mr Schlichter demonstrates, money is just a medium of exchange which is chosen by the people. By looking at the historical perspective on price level stability Mr Schlichter explains the extreme inflationary tendencies of the paper money system and the sclhichter level.

Information published here is provided to aid your thinking and investment decisions, not lead them. 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.

Schlichter the author doesn’t spend much time drawing conclusions from the history of money he presents, other than to say in a general way that a “fiat money” backed only by the assertion of the state that it ought to be used for trade is, ultimately, doomed to paped. As a historian this conclusion did not surprise me, since it closely parallels what happened to the economy of the western Roman Empire at the time of its decline and fall something the author, unfortunately in my view, does not point out.


Trivia About Paper Money Colla It’s hard not to agree with Schlichter – the end of elastic money, one way or another, is coming.

Nothing on this scale has ever happened before yet people are sleeping walking into a meltdown. Why is Germany repatriating their gold?

There’s an old saying that you don’t get something for nothing. Businesses play along as long as the music lasts. It is an economy which focuses on the individual and their coordination with others to improve the supply of goods and services. Drawing upon novel new research, “Paper Money Collapse” conclusively illustrates why pa;er money systems–those based on an e.

To outline the whole book would distract from the impact one gets when reading the whole effort from the author. Popular Posts Related Posts. It is actually very easy to blame the crisis on the paper money system, but Paper Money Collapse goes a lot deeper than this.

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