Couverture de When Money Dies

When Money Dies

The Nightmare of Deficit Spending, Devaluation, and Hyperinflation in Weimar Germany

OFFRE D'UNE DURÉE LIMITÉE

3 mois gratuits
Précommander pour 0,00 €
3 mois gratuits
1 livre audio par mois au choix dans notre catalogue inégalé.
Écoutez des milliers de livres audio, podcasts et Audible Originals.
Après 3 mois, 9,95 €/mois.
Accédez à des ventes et des offres exclusives.

When Money Dies

De : Adam Fergusson
Précommander pour 0,00 €

Après 3 mois, 9,95 €/mois. Cette offre est valable du 16.09.2025 au 16.10.2025. Résiliez à tout moment.

Précommander pour 17,28 €

Précommander pour 17,28 €

À propos de ce contenu audio

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.

©2010 Adam Fergusson (P)2026 PublicAffairs
Allemagne Economie Europe
Les membres Amazon Prime bénéficient automatiquement de 2 livres audio offerts chez Audible.

Vous êtes membre Amazon Prime ?

Bénéficiez automatiquement de 2 livres audio offerts.
Bonne écoute !

    Commentaires

    “Engrossing and sobering.”—Daily Express (London)
    “One of the most blood chilling economics books I’ve ever read.”—Allen Mattich, Wall Street Journal
    “Everybody ought to read this book. But Baby Boomers must.”—Wall Street Journal
    Aucun commentaire pour le moment