Speaker: Detlev S. Schlichter
Date: Tuesday 22 November 2011
Time: 06:30pm - 06:30pm
Location: Church House, Convocation Hall, Great Smith Street, London SW1P 3BL
Map: find us!
Detlev S. Schlichter will talk about his book "Paper Money Collapse":
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.
Paper Money Collapse shows that the present cirsis is the unavoidable result of elastic money; and that the continuous money production to stimulate the economy could lead to a complete collapse of the monetary system.
Detlev Schlichter is a writer and Austrian School economist who has spent nearly twenty years working in international finance, including for Merrill Lynch, J.P. Morgan, and Wester Asset Management.