Paper Money Collapse: The Folly of Elastic Money and the Coming Monetary Breakdown

Foreword

Detlev Schlichter is not alone when he writes that “the individual decision maker is a driver of economics,” but he is clearly in the minority.

That fact stands to reason. During our most recent fiscal upheaval in the United States, one out of every two economists with a job drew his or her paycheck from a government institution.

Your economist, your elected official, and your friendly neighborhood bureaucrat, your policy wonk, even your favorite mainstream journalist believes that you—the individual—couldn't possibly know what you are doing with your own money.

They think you're too stupid to make the right decision when faced with choices in the marketplace.

If you agree with them, then I'd respectfully advise you to stop reading this book right now. You'll only take offense at what Mr. Shlichter has to say.

If, on the other hand, you believe that you're capable of making a decision on your own ... if you believe you can safely buy the goods and services you need when you need (or want) them, then you'll take to and welcome Detlev Schlichter right way.

“The market economy is not a superior organism that has its own goals,” Detlev writes. The economy does not exist to “generate positive GDP” for the good of a nation. Nor are we servants subject to the whim of the formerly omnipotent “Masters of the Universe” who run trading desks on Wall Street.

We use money—our money—to make transactions. That's it. All else that follows in this book begins from that simple starting ...