Podcasts about detlev schlichter

While Ben Dyson has argued that we need to take the power to create money out of the hands of bankers and put it entirely in the hands of government (you can here that episode here) Detlev Schlichter goes further arguing that the power to create money should not be given to any group. As he lays out in his book Paper Money Collapse, since time immemorial governments in times of war or other trouble have always created more money. In the Ancient world that meant shaving down coins and diluting the amount of gold or silver in them. In the Civil War that meant printing more and more paper currency. The result was simple: a loss of faith in the currency. In Ancient Rome as the silver denarius dropped in silver content, trade began to dry up and this destruction of the money supply by emperors may well be one of the reasons for the collapse of the Roman Empire. Today, governments are not only printing more money to solve short-term crisis; they’re doing it as a long-term strategy. Whereas historically, countries always returned to some sort of gold-backing for their currency since the 1970s the amount of currency in the system has been determined by nothing but the decision of governments. They can print as much money as they want. That Detlev Schlichter argues is too great a power for any government to have. In the desire to be re-elected parties have an incentive to buy their way out of problems by flooding the system with cash. This model of money which Schlichter refers to as elastic money (because governments and banks can expand the amount of money limitlessly) is nearly absolute financial power and has the power to make even the most decent elected or appointed official behave recklessly. In our complex modern system, it can seem like an inelastic money supply like the gold standard is massively out of date but when you listen to Schlichter explain it in his book and in this podcast a return to an inelastic money supply shouldn’t be of any one time; it should be of every time because avoiding excessive concentrations of political or economic power is the purpose of democracy and the free market. Governments and banks have granted themselves the monopoly on money creation. That’s bad for everyone in the long-run. Detlev became an independent economist, market commentator and investment strategist after a 19-year career in international financial markets as a trader and portfolio manager, including stints at J. P. Morgan, Merrill Lynch, and Western Asset Management. His book, Paper Money Collapse: The Folly of Elastic Money, is now entering its second edition. It is available everywhere. You can follow him on twitter @DSchlichter and at http://detlevschlichter.com/. Be sure to rate and comment in iTunes. Also, you can find the show on Stitcher.

Most Cobden Centre supporters will be thoroughly familiar with Detlev Schlichter through his book Paper Money Collapse and his blog “The Schlichter Files”.  In...

Most Cobden Centre supporters will be thoroughly familiar with Detlev Schlichter through his book Paper Money Collapse and his blog “The Schlichter Files”.  In...

Dominic Frisby meets Detlev Schlichter and discusses some of the issues from his book, Paper Money Collapse. Detlev is an author and Austrian School Economist. Read his blog. Buy Paper Money Collapse from Amazon. This podcast can also be heard at the Goldmoney Foundation, an independent organisation established by GoldMoney - the best way to buy gold and silver. See acast.com/privacy for privacy and opt-out information.

Dominic Frisby meets Detlev Schlichter and discusses some of the issues from his book, Paper Money Collapse.Detlev is an author and Austrian School Economist.Read his blog.Buy Paper Money Collapse from Amazon.This podcast can also be heard at the Goldmoney Foundation, an independent organisation established by GoldMoney - the best way to buy gold and silver. See acast.com/privacy for privacy and opt-out information. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit frisby.substack.com/subscribe

I’m posting the BBC Radio 4 Start The Week from January 16, 2012, in today’s show for those overseas listeners who can’t access BBC radio content. Andrew Marr looks for solutions to the current global crisis. Detlev Schlichter dismisses the practice of printing more money in times of recession, arguing that in the next decade our reliance on paper money will collapse, and he proposes a return to hard commodities, like gold. The historian Philip Coggan pits creditors against debtors, tax payers against public sector workers, and believes it’s time for a new monetary system to emerge. The Labour peer, Lord Glasman thinks we need to change the relationship between parliament and the market. And Angela Knight sticks up for the bankers, insisting they hold the key to the crisis, so deserve both a bonus and a bit of... See acast.com/privacy for privacy and opt-out information.

I'm posting the BBC Radio 4 Start The Week from January 16, 2012, in today's show for those overseas listeners who can't access BBC radio content.Andrew Marr looks for solutions to the current global crisis. Detlev Schlichter dismisses the practice of printing more money in times of recession, arguing that in the next decade our reliance on paper money will collapse, and he proposes a return to hard commodities, like gold. The historian Philip Coggan pits creditors against debtors, tax payers against public sector workers, and believes it's time for a new monetary system to emerge. The Labour peer, Lord Glasman thinks we need to change the relationship between parliament and the market. And Angela Knight sticks up for the bankers, insisting they hold the key to the crisis, so deserve both a bonus and a bit of respect.Producer: Katy Hickman. See acast.com/privacy for privacy and opt-out information. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit frisby.substack.com/subscribe

Andrew Marr looks for solutions to the current global crisis. Detlev Schlichter dismisses the practice of printing more money in times of recession, arguing that in the next decade our reliance on paper money will collapse, and he proposes a return to hard commodities, like gold. The historian Philip Coggan pits creditors against debtors, tax payers against public sector workers, and believes it's time for a new monetary system to emerge. The Labour peer, Lord Glasman thinks we need to change the relationship between parliament and the market. And Angela Knight sticks up for the bankers, insisting they hold the key to the crisis, so deserve both a bonus and a bit of respect. Producer: Katy Hickman.

Brian Micklethwait speaks to Detlev Schlichter on his upcoming book, Paper Money Collapse: The Folly of Elastic Money and the Coming Monetary Breakdown. As...

Brian Micklethwait speaks to Detlev Schlichter on his upcoming book, Paper Money Collapse: The Folly of Elastic Money and the Coming Monetary Breakdown. As...