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Hardcover The New Depression: The Breakdown of the Paper Money Economy Book

ISBN: 1118157796

ISBN13: 9781118157794

The New Depression: The Breakdown of the Paper Money Economy

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Format: Hardcover

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Book Overview

Why the global recession is in danger of becoming another Great Depression, and how we can stop it When the United States stopped backing dollars with gold in 1968, the nature of money changed. All previous constraints on money and credit creation were removed and a new economic paradigm took shape. Economic growth ceased to be driven by capital accumulation and investment as it had been since before the Industrial Revolution. Instead, credit creation...

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