Listen free for 30 days

Listen with offer

Sample
  • Paper Money Collapse

  • The Folly of Elastic Money and the Coming Monetary Breakdown
  • By: Detlev S. Schlichter
  • Narrated by: John Lee
  • Length: 9 hrs and 51 mins
  • 4.7 out of 5 stars (3 ratings)

£0.00 for first 30 days

Pick 1 audiobook a month from our unmatched collection - including bestsellers and new releases.
Listen all you want to thousands of included audiobooks, Originals, celeb exclusives, and podcasts.
Access exclusive sales and deals.
£7.99/month after 30 days. Renews automatically. See here for eligibility.

Paper Money Collapse

By: Detlev S. Schlichter
Narrated by: John Lee
Try for £0.00

£7.99/month after 30 days. Renews automatically. See here for eligibility.

Buy Now for £14.99

Buy Now for £14.99

Pay using card ending in
By completing your purchase, you agree to Audible's Conditions of Use and authorise Audible to charge your designated card or any other card on file. Please see our Privacy Notice, Cookies Notice and Interest-based Ads Notice.
activate_samplebutton_t1

Summary

Detlev Schlichter makes the case for the inevitable failure of a paper money economy and tells us 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 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 audiobook 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.

©2011 Detlev S. Schlichter (P)2012 Audible, Inc.

What listeners say about Paper Money Collapse

Average customer ratings
Overall
  • 4.5 out of 5 stars
  • 5 Stars
    2
  • 4 Stars
    1
  • 3 Stars
    0
  • 2 Stars
    0
  • 1 Stars
    0
Performance
  • 5 out of 5 stars
  • 5 Stars
    3
  • 4 Stars
    0
  • 3 Stars
    0
  • 2 Stars
    0
  • 1 Stars
    0
Story
  • 4.5 out of 5 stars
  • 5 Stars
    2
  • 4 Stars
    1
  • 3 Stars
    0
  • 2 Stars
    0
  • 1 Stars
    0

Reviews - Please select the tabs below to change the source of reviews.

Sort by:
Filter by:
  • Overall
    4 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    4 out of 5 stars

Supposition aplenty but short on real content

An interesting treatise on the subject, but so bested by The Creature from Jekyll Island By: G. Edward Griffin that it feels unsatisfactory.

As this is an Audible Plus catalogue item it is worth the investment of time and presents the principles (and challenges) of fiat money in an easily digestible format, made all the more palatable by the expert narration of John Lee.

We're over a decade on from the book's publication and still our major currencies bob along, being further diluted by QE in many guises - will it all crash? Who knows :)

Something went wrong. Please try again in a few minutes.

You voted on this review!

You reported this review!