We strive to deliver the best value to our customers and ensure complete satisfaction for all our textbook rentals.
You can return your online books for any reason within our refund period – no questions asked.
Every order is available for express shipping, and return shipping is always free.
You'll be happy with the quality of your books (or we'll ship you another one on our dime).
You can extend your rental at any time – at the same cheap daily rental rate.
If you decide to keep the book it will never cost more than the purchase price.
As always, you have access to over 5 million titles. Plus, you can choose from 5 rental periods, so you only pay for what you’ll use. And if you ever run into trouble, our top-notch U.S. based Customer Service team is ready to help by email, chat or phone.
Supplemental materials are not guaranteed for used textbooks or rentals (access codes, DVDs, workbooks).
Debunking the Hyperinflation of Peter Schiff and the Gold Bugs: A Guide for Investors
The author offers an in depth look at the predictions of the gold bugs that the US dollar is headed for catastrophic collapse. While Peter Schiff and other gold bugs have described at length their visions of an apocalyptic future certain to befall the US dollar, and their investment advice to prepare, they have offered little convincing detail to support...
The author offers an in depth look at the predictions of the gold bugs that the US dollar is headed for catastrophic collapse. While Peter Schiff and other gold bugs have described at length their visions of an apocalyptic future certain to befall the US dollar, and their investment advice to prepare, they have offered little convincing detail to support their position that massive, money-supply triggered inflation is surely coming. The author forgoes the usual macroeconomic theories, graphs and charts to examine and debunk this hyperinflation myth. He instead employs a sound conceptual understanding and common sense in exploring the viewpoints of dollar-holding global actors. The author s revealing research points to rampant inflation as being exceedingly unlikely as a result of either the economic and financial problems facing the United States or the astronomical government stimulus. Regardless of the ultimate severity of economic downturn, any US dollar decline has only the remotest chance of reaching a magnitude approaching hyperinflation. Demonstrated in detail in this book are why several key underpinnings of the gold bugs theory of mass destruction of the US economy are only myths. The author specifically debunks the notions that: (1) a largely consumer-driven economy must be tenuous; (2) a large dollar decline would turn into free fall rather than meet resistance; (3) money supply increases must eventually create corresponding price inflation; and (4) an exporting base is somehow required for American prosperity, among others. Table of Contents: Introduction 1 The Schiff View and the Gold Bugs 2 Economic Value and Economic Activity 3 The 'Consumption is Waste' Myth 4 Why a Dollar Plunge Would Self-Correct 5 Inflation by Way of the Money Supply 6 Other Inflation: Producer Costs and Creeping Inflation 7 Fiat Currency, Backing and Faith 8 Mitigating Factors in the Astronomical Government Borrowing 9 Do Borders Even Matter? 10 The Folly of Forecasts and the Great Lumping Afterword Richard Moheban says: "A few years from now [July 2009], Peter Schiff, John Williams, Marc Faber, James Turk and other adamant 'hyperinflationists' will be scratching their heads wondering what went wrong with their certain prediction of runaway inflation. The truth is that there will be no extreme price inflation in the United States. The dollar will suffer no catastrophic fall. Those pundits who insist that the dollar is doomed (due to the massive creation of money by the Fed) fail to grasp the true relationship between the money supply and price levels. My book takes a unique view in exploring the conditions in which money creation does cause higher prices. Fortunately, those conditions do not exist in the US economy."
Out of Stock
We're fresh out of that one today.
So sorry. Try back another time as our inventory fluctuates daily.
Since launching the first textbook rental site in 2006, BookRenter has never wavered from our mission to make education more affordable for all students. Every day, we focus on delivering students the best prices, the most flexible options, and the best service on earth. On March 13, 2012 BookRenter.com, Inc. formally changed its name to Rafter, Inc. We are still the same company and the same people, only our corporate name has changed.