rdf-syntax-grammar
mods:
  schema location: http://www.loc.gov/mods/v3 http://www.loc.gov/standards/mods/v3/mods-3-2.xsd
  title info:
    title: Paper money collapse
    sub title: the folly of elastic money
  name:
    name part: Schlichter, Detlev S.
    name part: 1964-
    role:
      role term: creator
  type of resource: text
  genre: bibliography
  genre: Electronic books.
  origin info:
    place:
      place term: nju
    date issued: 2014
    edition: Second edition.
    issuance: monographic
  language:
    language term: eng
  physical description:
    form: remote
    extent: 1 online resource.
  abstract: "Explore the inevitable collapse of the fiat monetary systemPaper Money Collapse: The Folly of Elastic Money and the Coming Monetary Breakdown, 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"--
  abstract: "This book illustrates the underlying problems with elastic money"--
  table of contents: Prologue: Contra the Mainstream Consensus -- pt. One: The Basics of Money. Ch. 1 The Fundamentals of Money and Money Demand -- Ch. 2 The Fundamentals of Fractional-Reserve Banking -- pt. Two: The Effects of Money Injections. Ch. 3 Money Injections without Credit Markets -- Ch. 4 Money Injections via Credit Markets -- pt. Three: Fallacies about the Price Level and Price Level Stabilization. Ch. 5 Common Misconceptions Regarding the Price Level -- Ch. 6 The Policy of Stabilization.
  table of contents: pt. Four: A History of Paper Money and How We Got to Where We Are Now. Ch. 7 A Legacy of Failure -- pt. Five: Beyond the Cycle -- Paper Money's Endgame and The Future of Money. Ch. 8 The Beneficiaries of the Paper Money System -- Ch. 9 The Intellectual Superstructure of the Present System -- Ch. 10 Endgames -- Inflationary Meltdown or Return to Hard Money? -- Epilogue: Money, Freedom, and Capitalism.
  note: Detlev S. Schlichter ; foreword by Thomas Mayer.
  note: Includes index.
  note: Includes bibliographical references and index.
  subject:
    topic: Paper money
  subject:
    topic: Money supply
  subject:
    topic: Currency question
  subject:
    topic: Credit
  subject:
    topic: BUSINESS & ECONOMICS
    topic: Economic Conditions
  subject:
    topic: BUSINESS & ECONOMICS
    topic: Economics
    topic: General
  subject:
    topic: Credit
  subject:
    topic: Currency question
  subject:
    topic: Money supply
  subject:
    topic: Paper money
  classification: HG353
  classification: 332.4/044
  classification: BUS022000 BUS069000
  related item:
    title info:
      title: Paper money collapse
    name:
      name part: Schlichter, Detlev S., 1964-
    origin info:
      publisher: Hoboken : Wiley, 2014
      edition: Second Edition.
    identifier: (DLC) 2014012694
  identifier: 9781118877333
  identifier: 1118877330
  identifier: 9781118877364
  identifier: 1118877365
  identifier: 9781118877326
  identifier: 9781118877340
  identifier: 1118877349
  identifier: 1118877322
  identifier: 2014017204
  identifier: A30DA378-DF4F-4961-9D78-96EDE2EB7D0E OverDrive, Inc.
  identifier: https://doi.org/10.1002/9781118877340
  record info:
    record content source: DLC
    record creation date: 140430
    record change date: 20170124071733.6
    record identifier: ocn878953844
    language of cataloging:
      language term: eng