The Human Action Podcast

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When Money Dies

The Human Action Podcast

Tags InflationLabor and WagesMoney and BanksPoverty

12/11/2020Jeff DeistRyan McMaken

Ryan McMaken joins the show to discuss Adam Fergusson's seminal history of Weimar-era hyperinflation in Germany, When Money Dies. Americans accustomed to the dollar's king status have no idea how quickly and brutally a currency can lose value, especially when war finance distorts the entire structure of a nation's economy. 

What follows is sobering: hunger, violence, crime, and degradation. This fascinating book makes for a great study of how and why inflation rises quickly, and provides a cautionary tale for central banks and fiscal policy makers today.
Plus listen to the show for a link to your free copy of the book!

Read Hans Sennholz on Hyperinflation at Mises.org/HyperInflation

Find Henry Hazlitt's What You Should Know About Inflation at Mises.org/InflationHazlitt

Read Lyn Alden's article on inflation at Mises.org/Alden

Note: The views expressed on Mises.org are not necessarily those of the Mises Institute.
Authors:

Contact Jeff Deist

Jeff Deist is president of the Mises Institute. He previously worked as chief of staff to Congressman Ron Paul, and as an attorney for private equity clients. Contact: email; Twitter.

Contact Ryan McMaken

Ryan McMaken is a senior editor at the Mises Institute. Send him your article submissions for the Mises Wire and Power&Market, but read article guidelines first. 

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