Asset Details
Do you wish to reserve the book?
Paper money collapse : the folly of elastic money and the coming monetary breakdown
Hey, we have placed the reservation for you!
By the way, why not check out events that you can attend while you pick your title.
Oops! Something went wrong.
Looks like we were not able to place the reservation. Kindly try again later.
Are you sure you want to remove the book from the shelf?
Paper money collapse : the folly of elastic money and the coming monetary breakdown
Do you wish to request the book?
Paper money collapse : the folly of elastic money and the coming monetary breakdown
Please be aware that the book you have requested cannot be checked out. If you would like to checkout this book, you can reserve another copy
We have requested the book for you!
Your request is successful and it will be processed during the Library working hours. Please check the status of your request in My Requests.
Oops! Something went wrong.
Looks like we were not able to place your request. Kindly try again later.
eBook
Paper money collapse : the folly of elastic money and the coming monetary breakdown
2011
Overview
The case for the inevitable failure of a paper money economy andwhat that means for the future All paper money systems in history have ended in failure. Eitherthey collapsed in chaos, or society returned to commodity moneybefore that could happen. Drawing upon novel new research, PaperMoney Collapse conclusively illustrates why paper moneysystems-those based on an elastic and constantly expandingsupply of money as opposed to a system of commodity money ofessentially fixed supply-are inherently unstable and why theymust lead to economic disintegration. These highly controversial conclusions clash with the presentconsensus, which holds that elastic state money is superior toinflexible commodity money (such as a gold standard), and thatexpanding money is harmless or even beneficial for as long asinflation stays low. Contradicting this, Paper MoneyCollapse shows that: The present crisis is the unavoidable result of continuouslyexpanding fiat moneyThe current policy of accelerated money production to\"stimulate\" the economy is counterproductive and could lead to acomplete collapse of the monetary systemWhy many in financial markets, in media, and in the policyestablishment are unable (and often unwilling) to fully appreciatethe underlying problems with elastic money This compelling new book looks at the breakdown of moderneconomic theory and the fallacy of mathematical models. It is ananalysis of the current financial crisis and shows in very starkterms that the solutions presented by paper money-enthusiastsaround the world are misguided and inherently flawed.
Publisher
John Wiley & Sons,John Wiley & Sons, Incorporated,Wiley,Wiley-Blackwell
Subject
ISBN
9781118095751, 1118095758, 9781118127803, 9781118127810, 111812782X, 1118127803, 9781118127827, 1118127811
