Paper Money Collapse: The Folly of Elastic Money, 2nd Edition

Praise for PAPER MONEY COLLAPSE
SECOND EDITION

“A brilliant treatise on the fundamentals of sound money and the destructive deviations of contemporary Keynesian central banking. Sophisticated, readable, thorough, and persuasive.”
—David Stockman

“Paper Money Collapse was essential reading when the first edition appeared in 2011 and it is even more essential reading now. Not only has the underlying degree of global monetary instability continued to increase; Detlev Schlichter has now updated his original, excellent tome to incorporate contemporary developments, including the introduction of so-called ‘cryptocurrencies’ such as bitcoin, and he explores several plausible scenarios for the future of the faltering global monetary order. Readers will benefit from these insights, presented as they are in a highly readable, cogent style.”
—John K. Butler, author of The Golden Revolution and publisher of the Amphora Report investment newsletter

“A passionate, engaging, and depressing analysis of the approaching fiat money endgame.”
—Kevin Dowd, Durham University

“Detlev Schlichter’s book Paper Money Collapse, Second Edition develops a concise, clear, and at the same time deep economic analysis on the current elastic monetary system and why it is essentially incompatible with a free market economy. I strongly recommend this book to anyone interested in financial crises, economic recessions, and the future of capitalism.”
—Jesús Huerta de Soto, Professor of Political Economy, King Juan Carlos University (Madrid); author of Money, Bank Credit, and Economic Cycles

“Stumbling forward under the baleful influence of wishful thinking, the world’s politicians and central bankers are blundering down just the path Detlev set out in his first edition. With the Austrian measure of the UK money supply now increasing by over 12% year on year, I expect Detlev’s masterpiece to be increasingly relevant.”
—Steve Baker, Conservative MP for Wycombe, Member of the House of Commons Treasury Select Committee, and a co-founder of the Cobden Centre

“Detlev’s understanding and insight into central bank policy propelled him to being one of the world’s preeminent global bond managers. He cuts through the fog of central bank mystery by providing a clear description of their apparatus and methods. Going beyond the requisite professional skepticism, Detlev has trained his scholarly attention to highlighting the enormity of the potential further damage they may yet wreak on us.”
—Ken Leech, CIO, Western Asset Management Company