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Paper Money Collapse The Folly of Elastic Money

ISBN-10: 1118877322

ISBN-13: 9781118877326

Edition: 2nd 2014

Authors: Detlev S. Schlichter, Thomas Mayer

List price: $48.00
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In an engaging style based on extensive research the new edition of Paper Money Collapse shows conclusively why paper money systems - monetary systems that are based on an elastic and constantly expanding supply of money (such as our system today) as opposed to a system of commodity money of essentially fixed supply - are inherently unstable and why they must lead to economic disintegration. All paper money systems in history ended in failure. The book shows why this is the case and why it will also be the fate of the present system. The conclusions are controversial as they go against the present consensus, but shows that the present crisis is the unavoidable result of continuously expanding fiat money, that the current policy of accelerated money production to stimulate the economy is counterproductive and that, if pursued further, it will lead to a complete collapse of the monetary system.The update will include:Newer developments and trends in the sphere of money and credit via statistics (e.g. growth in bank reserves; growth in debt outstanding)Further rounds of 'quantitative easing' by the FedRecent difficulties of exiting from an ultra-easy policy stanceThe development of crypto-currencies, in particular BitcoinPaper Money Collapse, 2nd Edition looks at the breakdown of modern economic theory and the fallacy of mathematical models and makes the case for the inevitable failure of a paper money economy and what that means for the future.
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Book details

List price: $48.00
Edition: 2nd
Copyright year: 2014
Publisher: John Wiley & Sons Canada, Limited
Publication date: 7/21/2014
Binding: Hardcover
Pages: 336
Size: 6.50" wide x 9.30" long x 1.10" tall
Weight: 1.188
Language: English

Thomas Mayer is a consultant and educational director for the Institute for Health Care Advancement. Previously he was a principal with the benefits consulting firm William Mercer. Together with his wife Gloria Gilbert Mayer they wrote The Health Insurance Alternative, a guide to HMOs.