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When Money Dies book cover

When Money Dies

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

Adam Fergusson

Explore the dire consequences of a nation's currency losing all value in When Money Dies. In 1923 Germany, the currency became so worthless that people traded expensive items like art and jewelry for basic necessities like bread. This book examines the socioeconomic chaos that ensued, with severe social unrest and widespread famine. Although the modern era of electronic monetary transfers may seem worlds away, the dangers of unchecked deficit spending remain as relevant as ever. With its powerful moral tale, When Money Dies offers an illuminating look at one society's undoing.
Publish Date
2010-01-01T00:00:00.000Z
2010-01-01T00:00:00.000Z
first published in 1975
Goodreads Rating
3.79
ISBN
9781586489946
Recommendations
1
Recommendations
2020-06-11T04:10:10.000Z
Some books to learn more: Big Debt Crises by @RayDalio The Price of Tomorrow by @JeffBooth This Time is Different by @carmenmreinhart & @krogoff The Rise and Fall of Great Powers by Paul Kennedy When Money Dies by Adam Fergusson The Bitcoin Standard by @saifedean Enjoy.      source