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When Money Dies: The Nightmare of Deficit Spending, Devaluation, and Hyperin...
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ApproximatelyC $14.60
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Located in: Morgantown, Pennsylvania, United States
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Estimated between Sat, Jun 22 and Tue, Jun 25 to 43230
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eBay item number:326110291852
Item specifics
- Condition
- Release Year
- 2010
- ISBN
- 9781586489946
- Book Title
- When Money Dies : The Nightmare of Deficit Spending, Devaluation, and Hyperinflation in Weimar Germany
- Publisher
- Public Affairs
- Item Length
- 8.4 in
- Publication Year
- 2010
- Format
- Trade Paperback
- Language
- English
- Illustrator
- Yes
- Item Height
- 0.9 in
- Genre
- Business & Economics, History
- Topic
- Europe / Germany, Economic History, Social History
- Item Weight
- 9.3 Oz
- Item Width
- 5.6 in
- Number of Pages
- 288 Pages
About this product
Product Identifiers
Publisher
Public Affairs
ISBN-10
1586489941
ISBN-13
9781586489946
eBay Product ID (ePID)
102915897
Product Key Features
Book Title
When Money Dies : The Nightmare of Deficit Spending, Devaluation, and Hyperinflation in Weimar Germany
Number of Pages
288 Pages
Language
English
Publication Year
2010
Topic
Europe / Germany, Economic History, Social History
Illustrator
Yes
Genre
Business & Economics, History
Format
Trade Paperback
Dimensions
Item Height
0.9 in
Item Weight
9.3 Oz
Item Length
8.4 in
Item Width
5.6 in
Additional Product Features
Intended Audience
Trade
LCCN
2010-934662
Reviews
"Daily Express" (London) "Engrossing and sobering." Allen Mattich, "Wall Street Journal," October 1, 2010 "One of the most blood chilling economics books I've ever read." "Wall Street Journal," January 30, 2011 "Every body ought to read this book. But baby boomers must." "The Guardian" "a brilliant account of how Germany's Weimar Republic was consumed by hyperinflation.", Daily Express (London) "Engrossing and sobering." Allen Mattich, Wall Street Journal , October 1, 2010 "One of the most blood chilling economics books I've ever read." Wall Street Journal , January 30, 2011 "Every body ought to read this book. But baby boomers must." The Guardian "a brilliant account of how Germany's Weimar Republic was consumed by hyperinflation."
Dewey Edition
22
Dewey Decimal
330.943085
Synopsis
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 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.
ebay_catalog_id
4
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eBay item number:326110291852
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Morgantown, Pennsylvania, United States
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| Shipping and handling | To | Service | Delivery*See Delivery notes |
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Product ratings and reviews
Most relevant reviews
- Jun 19, 2018
Great explanation of difficult subject
Verified purchase: YesCondition: NewSold by: 1obmaz
- Mar 04, 2022
important read
Verified purchase: YesCondition: Pre-OwnedSold by: ambrosia1
- Jun 16, 2022
informative
Verified purchase: YesCondition: Pre-OwnedSold by: mcstreasures
- Jun 22, 2022
Does not capture contents completely.
Verified purchase: YesCondition: Pre-OwnedSold by: second.sale
- Mar 03, 2021
GREAT!
Verified purchase: YesCondition: NewSold by: nightowlbooksandart
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