Detlev Schlichter’s book ‘Paper Money Collapse – The Folly of Elastic Money’ is published by John Wiley & Sons. Click on these links to read the prologue and chapter abstracts and key terms.

“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.