Fiat Paper Money, the ...
Ralph T. Foster
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Fiat Paper Money, the history and evolution of our currency

4.33 of 5 stars 4.33  ·  rating details  ·  9 ratings  ·  5 reviews
The history and evolution of our currency.
traces the rise and "inevitable fall" of every paper currency that has every existed, save the most recent ones that are collapse, and or still exist
paperback, 275 pages
Published 2008
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written by a coin dealer. does not trust paper money for good reason.

He doesn't celebrate colonial script, the money that was made by and for the people of the early american colonies.

Valuable history: as he is obsessed with paper currency, he will tell any interesting story of world history relating to paper money.

Best way to get unadulterated history: read books by those obsessed with some abstraction.
salt abstraction salt
Imperial San Francisco magnates...more
I highly recommend this book for anyone that is interested in the history of money (paper) and fiat currencies. It is well researched, referenced, and covers the dawn of paper money (China) to the present day.

The interviews with people who experience collapse in fiat currencies (hyper-inflation) is eye opening and shocking. You realize it strikes like lightening, even the most ardent believers in their government and faith in their systems are quickly brought to their knees.

This book should be...more
Money is a bad thing to hoard, according to this book, because it loses its value over time, sometimes suddenly. Foster likes the idea of hoarding precious metals, however, because gold and silver has been universally accepted as money for a long time. I would guess that most of us don't even have a lot of paper money, but have savings in the form of numbers on record at a bank or fund. A lot of us have seen the collapse of value in our 401(k) accounts, so the loss of value of paper money should...more
If you want the history of fiat paper collapses this has most of the major and important ones. Book is a slow read, but worth the time, effort, and thought process required to read it thoroughly. The quick review is: printing money on paper that is backed by nothing but good wishes is not an answer. Learn from the mistakes of the past and do not repeat them.

His section with the interviews of Germans that went through the collapse of the Mark in the 1920s is worth reading.
Graig Yarbrough
Great history of paper money! Fiat currency is always been a failure and this points out that has cascaded down to centuries. As a present time, in United States were 16 plus dollars in debt. It is backed by nothing but good faith. Even though, it has real effects on people.
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