Fiat Paper Money
Author: Ralph T. Foster
Publisher:
Published: 2011
Total Pages: 281
ISBN-13: 9780964306615
DOWNLOAD EBOOKRead and Download eBook Full
Author: Ralph T. Foster
Publisher:
Published: 2011
Total Pages: 281
ISBN-13: 9780964306615
DOWNLOAD EBOOKAuthor: Andrew Dickson White
Publisher: Ludwig von Mises Institute
Published: 1952
Total Pages: 82
ISBN-13: 1610164490
DOWNLOAD EBOOKAuthor: Detlev S. Schlichter
Publisher: John Wiley & Sons
Published: 2014-07-21
Total Pages: 336
ISBN-13: 1118877322
DOWNLOAD EBOOKExplore the inevitable collapse of the fiat monetary system Paper Money Collapse: The Folly of Elastic Money, Second Edition challenges the mainstream consensus on money and monetary policy. While it is today generally believed that the transition from 'hard' and inflexible commodity money (such as a gold standard) to entirely flexible and potentially unlimited fiat money under national central banks allows for superior economic stability, Paper Money Collapse shows that the opposite is true. Systems of highly elastic and constantly expanding money are not only unnecessary, even for growing economies, they are always extremely destabilizing. Over time, they must lead to substantial imbalances, including excessive levels of debt and distorted asset prices, that will require ever faster money production to sustain. Ultimately, however, there is no alternative to a complete liquidation of these distortions. Based on insights of many renowned economists and in particular of the Austrian School of Economics, the book explains through rigorous logic and in precise language why our system of flexible fiat money is incompatible with a market economy and therefore unsustainable. Paper money systems have always led to economic disintegration—without exception—throughout history. It will not be different for our system and we may be closer to the endgame than many think. The updated second edition incorporates: A new introduction and an extended outlook section that discusses various "endgames" Responses to criticisms, alternative views, and a critical assessment of 'solutions' Comments on recent policy trends, including attempts to exit the 'easy money' policy mode An evaluation of new crypto-currency Bitcoin Paper Money Collapse: The Folly of Elastic Money, Second Edition clarifies the problem of paper money clearly and eloquently, and proposes multiple routes to a solution.
Author: Detlev S. Schlichter
Publisher: John Wiley & Sons
Published: 2011-08-31
Total Pages: 237
ISBN-13: 111812782X
DOWNLOAD EBOOKThe 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. These highly controversial conclusions clash with 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. Contradicting this, Paper Money Collapse shows that: The present crisis is the unavoidable result of continuously expanding fiat money The current policy of accelerated money production to "stimulate" the economy is counterproductive and could lead to a complete collapse of the monetary system Why many in financial markets, in media, and in the policy establishment are unable (and often unwilling) to fully appreciate the underlying problems with elastic money This compelling new book looks at the breakdown of modern economic theory and the fallacy of mathematical models. It is an analysis of the current financial crisis and shows in very stark terms that the solutions presented by paper money-enthusiasts around the world are misguided and inherently flawed.
Author: Andrew Dickson White
Publisher:
Published: 1882
Total Pages: 56
ISBN-13:
DOWNLOAD EBOOKAuthor: Andrew Dickson White
Publisher: True Legacy Books
Published: 1923
Total Pages: 88
ISBN-13:
DOWNLOAD EBOOKThis book is an exploration by the author into France's money system, particularly its production practices. The author also explains the method behind the French system and the benefits of its use.
Author: Thomas M. Nichol
Publisher:
Published: 1878
Total Pages: 36
ISBN-13:
DOWNLOAD EBOOKAuthor: Francis Augustus Brooks
Publisher:
Published: 1885
Total Pages: 36
ISBN-13:
DOWNLOAD EBOOKAuthor: Andrew Dickson White
Publisher:
Published: 1896
Total Pages: 108
ISBN-13:
DOWNLOAD EBOOKAuthor: Andrew Dickson White
Publisher: BoD – Books on Demand
Published: 2023-09-17
Total Pages: 118
ISBN-13: 3387060211
DOWNLOAD EBOOKReproduction of the original. The publishing house Megali specialises in reproducing historical works in large print to make reading easier for people with impaired vision.