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When Money Dies: The Nightmare of Deficit Spending, Devaluation, and Hyperin...
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When Money Dies: The Nightmare of Deficit Spending, Devaluation, and Hyperin...

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    Artikelzustand
    Sehr gut: Buch, das nicht neu aussieht und gelesen wurde, sich aber in einem hervorragenden Zustand ...
    Release Year
    2010
    ISBN
    9781586489946

    Über dieses Produkt

    Product Identifiers

    Publisher
    Public Affairs
    ISBN-10
    1586489941
    ISBN-13
    9781586489946
    eBay Product ID (ePID)
    102915897

    Product Key Features

    Book Title
    When Money Dies : The Nightmare of Deficit Spending, Devaluation, and Hyperinflation in Weimar Germany
    Number of Pages
    288 Pages
    Language
    English
    Publication Year
    2010
    Topic
    Economic History, Europe / Germany, Social History
    Illustrator
    Yes
    Genre
    Business & Economics, History
    Author
    Adam Fergusson
    Format
    Trade Paperback

    Dimensions

    Item Height
    0.9 in
    Item Weight
    9.5 Oz
    Item Length
    8.4 in
    Item Width
    5.6 in

    Additional Product Features

    Intended Audience
    Trade
    LCCN
    2010-934662
    Dewey Edition
    22
    Reviews
    "Daily Express" (London) "Engrossing and sobering." Allen Mattich, "Wall Street Journal," October 1, 2010 "One of the most blood chilling economics books I've ever read." "Wall Street Journal," January 30, 2011 "Every body ought to read this book. But baby boomers must." "The Guardian" "a brilliant account of how Germany's Weimar Republic was consumed by hyperinflation.", Daily Express (London) "Engrossing and sobering." Allen Mattich, Wall Street Journal , October 1, 2010 "One of the most blood chilling economics books I've ever read." Wall Street Journal , January 30, 2011 "Every body ought to read this book. But baby boomers must." The Guardian "a brilliant account of how Germany's Weimar Republic was consumed by hyperinflation."
    Dewey Decimal
    330.943085
    Synopsis
    When Money Dies is the classic history of what happens when a nation's currency depreciates beyond recovery. In 1923, with its currency effectively worthless (the exchange rate in December of that year was one dollar to 4,200,000,000,000 marks), the German republic was all but reduced to a barter economy. Expensive cigars, artworks, and jewels were routinely exchanged for staples such as bread; a cinema ticket could be bought for a lump of coal; and a bottle of paraffin for a silk shirt. People watched helplessly as their life savings disappeared and their loved ones starved. Germany's finances descended into chaos, with severe social unrest in its wake. Money may no longer be physically printed and distributed in the voluminous quantities of 1923. However, "quantitative easing," that modern euphemism for surreptitious deficit financing in an electronic era, can no less become an assault on monetary discipline. Whatever the reason for a country's deficit--necessity or profligacy, unwillingness to tax or blindness to expenditure--it is beguiling to suppose that if the day of reckoning is postponed economic recovery will come in time to prevent higher unemployment or deeper recession. What if it does not? Germany in 1923 provides a vivid, compelling, sobering moral tale., The classic history of the political and economic devastation wrought by runaway inflation in Weimar Germany--" brilliant" ( Guardian ) In 1923, with its currency effectively worthless (the exchange rate in December of that year was one dollar to 4,200,000,000,000 marks), the German republic was all but reduced to a barter economy. Expensive cigars, artworks, and jewels were routinely exchanged for staples such as bread; a cinema ticket could be bought for a lump of coal; and a bottle of paraffin for a silk shirt. People watched helplessly as their life savings disappeared and their loved ones starved. Germany's finances descended into chaos, with severe social unrest in its wake. Money may no longer be physically printed and distributed in the voluminous quantities of 1923. However, "quantitative easing," that modern euphemism for surreptitious deficit financing in an electronic era, can no less become an assault on monetary discipline. Whatever the reason for a country's deficit-- necessity or profligacy, unwillingness to tax or blindness to expenditure--it is beguiling to suppose that if the day of reckoning is postponed economic recovery will come in time to prevent higher unemployment or deeper recession. What if it does not? Germany in 1923 provides a vivid, compelling, sobering moral tale.

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