Beschreibung
A historic analysis of the evolution of money and credit reveals how the
nature of money changed: private property plus interest, tally sticks,
coinage, fractional reserve banking, gold standards, fiat currencies,
debasement of fiat against gold.
The results of the historic analysis are combined with the new theories of
money, credit, and finance of Bethmann, Heinsohn, Kindleberger, Kutyn,
Malik, Martin, Minsky, Nuri, Rothbard, Soddy, Soros, and Steiger.
Their integration forms a stringent economic theory that is able to
explain the past and present economic and financial system from a very new
perspective executing a paradigm shift in economics, finance, and monetary
theory.
