When money dies is the classic history of what happens when a nations currency depreciates beyond recovery in 1923 with its currency effectively worthless the exchange rate in december of that year was one dollar to 4200000000000 marks the german republic was all but reduced to a barter economy. The nightmare of deficit spending devaluation and hyperinflation in weimar germany this was a time of bizarre parallels amazing riches coinciding with terrible poverty mass quantities of money coinciding with a shortage of money mania and hysteria coinciding with mass depression frenzied freedom coinciding with the rise of dictatorship. Hyperinflation affected the german papiermark the currency of the weimar republic between 1921 and 1923it caused considerable internal political instability in the country the occupation of the ruhr by france and belgium as well as misery for the general populace. Easy money adam fergusson when money dies the nightmare of deficit spending devaluation and hyperinflation in weimar germany publicaffairs new york 2010 288 pp 1495 wpaper hen money dies is not a new book but a reprint although it first appeared in the united kingdom in 1975 it has only recently been published in the united states. Below the title the subtitle was the nightmare of deficit spending devaluation and hyperinflation in weimar germany my summer vacation reading this year was when money dies
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