When Money Dies

06/01/1975 Adam Fergusson

Tags: Money and Banks, World History

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. There is no better historical incident to illustrate what inflation does to society: it turns everything upside down. And the circumstances surrounding how it all occurred are eerily similar to our own today.

Meet the Author

Adam Fergusson

When Money Dies

06/01/1975 Adam Fergusson

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

View Adam Fergusson bio and works

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