Adam Fergusson. · Rating details · ratings · 84 reviews. When Money Dies is the classic history of what happens when a nation’s currency depreciates . Buy When Money Dies: The Nightmare of the Weimar Hyper-inflation by Adam Fergusson (ISBN: ) from Amazon’s Book Store. Everyday low. When Money Dies 06/01/Adam Fergusson mass quantities of money coinciding with a shortage of money, mania and hysteria coinciding with mass.
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Search the FT Search. Fergusson shows how the wrong path, once taken, is hard to retreat from. I would read the Epilogue before reading the remainder of the book. That is a precept which Germany, fighting for the integrity of an ailing euro, has never forgotten.
Adam Fergusson: When quantitative easing runs mad
This book left me with the impression that, in normal circumstances, governments are perfectly capable of controlling inflation. No trivia or quizzes yet.
A cinema seat cost a lump of coal. The aam – if there can be one – for politicians at that time was that there had not been such an fergusaon carried out before.
Books by Adam Fergusson.
Petrol was siphoned from the tanks of motorcars, barter was already a usual form of exchange; but now commodities such as brass and fuel were becoming the currency of ordinary purchase and payment. Although Fergusson faithfully recounts excerpts of diplomatic letters, there is not enough examination of what average Germans experienced through the monetary ferguwson.
Published July 6th first published Understanding of how devaluation, wild unthinking ignorance of runaway monetary manipulation, and even problems of deficit Show me someone who’s concerned about inflation; I’ll have found another who will be fascinated with this book. When Money Dies is not the only Fergusson book being republished.
eies Written in the style of ” old school journalists”, who were uncomfortable with too much personal detail when grand events were covered. The evidence is wholly against it. Similar ventures by the Bank of England and the European Central Bank have hardly calmed those fears, since the efficacy of quantitative easing is so unsure and consequences still so unknown.
When Money Dies: The Nightmare Of The Weimar Hyper Inflation
But overall Fergusson does a good job simplifying things for the layman and only includes as much political information as is necessary to understand the economic developments.
The effect is greater than the cause. Mar 20, Peter Hiller rated it really liked it. It often makes it more profitable to speculate than to produce. An ever growing bureaucracy. Poignant and detailed description of Germany’s nightmare with its s hyper-inflation, its causes, and its overwhelming impact on German society in a few short years. May 06, Rob Kitchin rated adamm really liked it. A fascinating and horrifying look at what happens when economic illiteracy collides with geopolitics.
A producer cartel such as Opec can hike the price of a single commodity, like oil.
Refresh and try again. The German government chose to print money after the war to finance huge fiscal deficits because it feared that if it raised taxes and sold bonds, the economy would buckle under the strain, leading to mass unemployment and social unrest that could undermine the young German republic.
An account of the hyper-inflation in Germany after World War I, the book tackles a technically difficult subject in a clear and accessible way. Its inexcusable injustices drive men toward desperate remedies. By a British pound was equal to the number of yards to the sun and Germany was all but a barter economy. But why does he think the book has struck a chord now? Quantitative easing is printing money by any other name.
Dec 07, Matheus rated it it was amazing.
Adam Fergusson: When quantitative easing runs mad | Books | The Guardian
It happens to me a lot these days. They set up the game to win.
His view is that most of the political and financial leaders truly didn’t understand the relationship between the hyperactive printing press and inflation.