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

Detlev S. Schlichter

Тип: Pdf
Категория: БИЗНЕС

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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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