Paper Money Collapse: The Folly of Elastic Money and the Coming Monetary Breakdown
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.
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Review: Paper Money Collapse: The Folly of Elastic Money and the Coming Monetary BreakdownUser Review - Goodreads
“Paper money has never worked in the history of civilization. Government-backed money gives them control and is generally used to finance wars. The endgame is always massive inflation and loss of confidence in the paper. Buy gold. Or Bitcoins, apparently. Read full review