000			03185nam a2200421 a 4500
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007			cr cn|||||||||
008			121009s2011 nju sb 001 0 eng d
010			_z2011-015865
020			_z9781118095751 (hardback)
020			_z9781118127810
020			_z9781118127827
020			_z9781118127803 (e-book)
035			_a(OCoLC)757394986
035			_a(CaPaEBR)ebr10494726
039		9	_y201210090948 _zwilmina
040			_aCaPaEBR _cCaPaEBR
050	1	4	_aHG353 _b.S35 2011eb
082	0	4	_a332.4/044 _222
100	1		_aSchlichter, Detlev S., _d1964- _965099
245	1	0	_aPaper money collapse _h[electronic resource] : _bthe folly of elastic money and the coming monetary breakdown / _cDetlev S. Schlichter.
260			_aHoboken, N.J. : _bWiley, _c2011.
300			_axvi, 267 p.
504			_aIncludes bibliographical references and index.
505	0		_apt. 1. The basics of money -- pt. 2. The effects of money injections -- pt. 3. Fallacies about the price level and price level stabilization -- pt. 4. History of paper money : a legacy of failure -- pt. 5. Beyond the cycle : paper money collapse.
520			_a"In an engaging style based on extensive research, 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 must be 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, which holds that elastic state money is superior to inflexible commodity money (such as a gold standard), and that expanding money is harmless or even beneficial for as long as inflation stays low. The book 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.Paper money systems are confidence games. When the public realizes that the printing press is increasingly used to keep states and banks solvent, this confidence will evaporate quickly. The endgame will then be sovereign default, hyperinflation and economic chaos"-- _cProvided by publisher.
533			_aElectronic reproduction. _bPalo Alto, Calif. : _cebrary, _d2011. _nAvailable via World Wide Web. _nAccess may be limited to ebrary affiliated libraries.
650		0	_aPaper money. _965100
650		0	_aMoney supply. _94794
650		0	_aCurrency question.
650		0	_aCredit.
655		7	_aElectronic books. _2local
710	2		_aebrary, Inc. _925628
856	4	0	_uhttp://ezproxy.taylors.edu.my/login?url=http://site.ebrary.com/lib/taylorscollege/Doc?id=10494726 _zAn electronic book accessible through the World Wide Web; click to view
999			_c150411 _d150411