Detlev Schlichter’s book ‘Paper Money Collapse – The Folly of Elastic Money and the Coming Monetary Breakdown’ is published by John Wiley & Sons, September 2011. Click on the links above to read synopsis, the prologue and chapter outline.

“Detlev Schlichter has written a lucid, hard-hitting critique of what he identifies as the
world’s twin financial scourges: central banks that produce an elastic supply of paper
money and commercial banks that, through the alchemy of fractional-reserve banking,
render central bank money many times more elastic. Readers of Paper Money Collapse will,
among other things, glean useful insights on how to protect themselves from paper money’s
end game: an inflationary meltdown.”
–STEVE H. HANKE, Profesor Of Applied Economics, Johns Hopkins University, Baltimore.

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