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  • When Money Diesby Adam Fergusson

    PublicAffairs 2010; US$ 14.95

    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... more...

  • When Money Diesby Adam Fergusson

    Old Street Publishing 2010; US$ 14.57

    This is, I believe, a moral tale. It goes far to prove the revolutionary axiom that if you wish to destroy a nation you must corrupt its currency. Thus must sound money be the first bastion of a society's defence. 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),... more...

  • When Money Diesby Adam Fergusson

    Scribe Publications 2011; US$ 21.99

    In 1923, German currency became effectively worthless: the exchange rate in December of that year was one US dollar to 4200 trillion marks. The Weimar Republic was all but reduced to a barter economy. Expensive cigars, artworks, and jewels were routinely exchanged for staples such as bread. In desperation, the Bavarian prime minister submitted a bill... more...

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