The case for the inevitable failure of a paper money economy
and what that means for the future
All paper money systems in history have ended in failure. Either
they collapsed in chaos, or society returned to commodity money
before that could happen. Drawing upon novel new research, Paper
Money Collapse conclusively illustrates why paper money
systems—those based on an elastic and constantly expanding supply
of money as opposed to a system of commodity money of essentially
fixed supply—are inherently unstable and why they must lead to
economic disintegration.
These highly controversial conclusions clash with 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. Contradicting this, Paper Money Collapse shows
that:
The present crisis is the unavoidable result of continuously
expanding fiat money
The current policy of accelerated money production to "stimulate"
the economy is counterproductive and could lead to a complete
collapse of the monetary system
Why many in financial markets, in media, and in the policy
establishment are unable (and often unwilling) to fully appreciate
the underlying problems with elastic money
This compelling new book looks at the breakdown of modern
economic theory and the fallacy of mathematical models. It is an
analysis of the current financial crisis and shows in very stark
terms that the solutions presented by paper money-enthusiasts
around the world are misguided and inherently flawed.
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