When Money Dies
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- Author : Adam Fergusson
- Publisher : PublicAffairs
- Release : 12 October 2010
- ISBN : 9781586489953
- Page : 288 pages
- Rating : 4.5/5 from 103 voters
When Money Dies Book PDF summary
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.
When Money Dies
- Author : Adam Fergusson
- Publisher : PublicAffairs
- Release Date : 2010-10-12
- ISBN : 9781586489953
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
The Downfall of Money
- Author : Frederick Taylor
- Publisher : Bloomsbury Publishing USA
- Release Date : 2013-09-17
- ISBN : 9781620402382
An economic horror story: The complete meltdown of a major modern country's financial system, and its disastrous effects on every aspect of society. A hundred years ago, many theorists believed-just as they did at the beginning of our twenty-first century-that the world had reached a state of economic perfection, a never before seen human interdependence that would lead to universal growth and prosperity. Then, as now, the German mark was one of the most trusted currencies in the world. Yet
When Money Destroys Nations
- Author : Philip Haslam,Russell Lamberti
- Publisher : Penguin UK
- Release Date : 2014-09-30
- ISBN : 9780143531630
Since the financial crisis of 2008, the major governments of the world have resorted to printing large amounts of money to pay national debts and bail out banks. The warning signs are clear, and the collapse of the Zimbabwean dollar after years of rampant money printing is a frightening example of what lies in store for world economies if painful reform is not executed. When Money Destroys Nations tells the gripping story of the disintegration of the once-thriving Zimbabwean economy and
Dying of Money
- Author : Jens O. Parsson
- Publisher : Dog Ear Publishing
- Release Date : 2011-03
- ISBN : 9781457502668
First published: Boston: Wellspring Press, 1974.
Lords of Finance
- Author : Liaquat Ahamed
- Publisher : Penguin
- Release Date : 2009-01-22
- ISBN : 9781440697968
Winner of the Pulitzer Prize “Erudite, entertaining macroeconomic history of the lead-up to the Great Depression as seen through the careers of the West’s principal bankers . . . Spellbinding, insightful and, perhaps most important, timely.” —Kirkus Reviews (starred) “There is terrific prescience to be found in [Lords of Finance’s] portrait of times past . . . [A] writer of great verve and erudition, [Ahamed] easily connects the dots between the economic crises that rocked the world during the years his book covers and
Fiat Money Inflation in France
- Author : Anonim
- Publisher : Ludwig von Mises Institute
- Release Date : 1933
- ISBN : 9781610164498
When a Friend Dies
- Author : Marilyn E. Gootman
- Publisher : Free Spirit Publishing
- Release Date : 2020-12-22
- ISBN : 9781631984235
Updated third edition offers sensitive advice and genuine understanding for teens coping with grief and loss. The death of a friend is a wrenching event for anyone at any age and can spark feelings that range from sadness to guilt to anxiety. Teenagers especially need help coping with grief and loss. This sensitive book answers questions grieving teens often have, like “How should I be acting?” “How long will this last?” and “What if I can’t handle my grief
1931
- Author : Tobias Straumann
- Publisher : Oxford University Press
- Release Date : 2019-01-08
- ISBN : 9780192548139
Germany's financial collapse in the summer of 1931 was one of the biggest economic catastrophes of modern history. It led to a global panic, brought down the international monetary system, and turned a worldwide recession into a prolonged depression. The crisis also contributed decisively to the rise of Hitler. Within little more than a year of its onset, the Nazis were Germany's largest political party at both the regional and national level, paving the way for Hitler's eventual seizure of power
Forty Centuries of Wage and Price Controls
- Author : Robert L. Schuettinger.,Eamonn F. Butler
- Publisher : Ludwig von Mises Institute
- Release Date : 2022-08-09
- ISBN : 9781610165259
The Mises Institute is thrilled to bring back this popular guide to ridiculous economic policy from the ancient world to modern times. This outstanding history illustrates the utter futility of fighting the market process through legislation. It always uses despotic measures to yield socially catastrophic results. It covers the ancient world, the Roman Republic and Empire, Medieval Europe, the first centuries of the U.S. and Canada, the French Revolution, the 19th century, World Wars I and II, the Nazis,
What You Should Know About Inflation
- Author : Henry S. Hazlitt
- Publisher : Pickle Partners Publishing
- Release Date : 2016-08-09
- ISBN : 9781787200524
A noted economist exposes the truth behind our shrinking dollars... What precisely is inflation? What is its cause? Its cure? How long will it last? Is there any way you can take advantage of inflation? If not, how can you protect yourself against further erosion in the value of your savings? Henry Hazlitt gives his answers to these questions and many more in this clear, readable book. He exposes the fallacies by which some people have come to justify inflation,
When Someone Dies
- Author : Scott Taylor Smith
- Publisher : Simon and Schuster
- Release Date : 2013-03-12
- ISBN : 9781476700243
A lawyer and venture capitalist provides a complete, practical guide for dealing with the concrete details surrounding the death of a loved one, from funeral and estate planning to navigating the complexities of online identities. Scott Taylor Smith, a venture capitalist and lawyer, had plentiful resources, and yet after his mother died, he made a series of agonizing and costly mistakes in squaring away her affairs. He could find countless books that dealt with caring for the dying and the
When Money Dies - Nightmare of the Weimar Collapse
- Author : Adam Fergusson
- Publisher : Lulu.com
- Release Date : 2022-08-09
- ISBN : 9782917813324
When Your Grandparent Dies
- Author : Victoria Ryan
- Publisher : Open Road Media
- Release Date : 2014-09-02
- ISBN : 9781497683068
Losing a grandparent is often a child’s first experience with grief. The ordeal can be as bewildering as it is painful. Explaining what happens from a child’s-eye view, the little elves in this book depict the difficult days before, after, and beyond a grandparent’s death. They explore the meaning of death and heaven, as well as how to stay close in spirit with a grandparent who has died. With ideas for action and questions for discussion, this
The Death of Money
- Author : James Rickards
- Publisher : Penguin
- Release Date : 2014-04-08
- ISBN : 9781101637241
The next financial collapse will resemble nothing in history. . . . Deciding upon the best course to follow will require comprehending a minefield of risks, while poised at a crossroads, pondering the death of the dollar. The U.S. dollar has been the global reserve currency since the end of World War II. If the dollar fails, the entire international monetary system will fail with it. But optimists have always said, in essence, that confidence in the dollar will never truly be
The Money Illusion
- Author : Irving Fisher
- Publisher : Simon and Schuster
- Release Date : 2014-03-27
- ISBN : 9781627939997
In economics, money illusion refers to the tendency of people to think of currency in nominal, rather than real, terms. In other words, the numerical/face value (nominal value) of money is mistaken for its purchasing power (real value). This is false, as modern fiat currencies have no inherent value and their real value is derived from their ability to be exchanged for goods and used for payment of taxes. The term was coined by John Maynard Keynes in the