When money dies the nightmare of deficit spending devaluation and hyperinflation in weimar germany 1st edition by fergusson adam 2010 paperback taschenbuch 7161 eur this time is different eight centuries of financial folly carmen m reinhart 40 von 5 sternen 306 taschenbuch 1681 eur the forgotten man a new history of the great depression amity shlaes 44 von 5 sternen 568 . When money dies is the classic history of what happens when a nations currency depreciates beyond recovery in 1923 with its currency effectively worthless the exchange rate in december of that year was one dollar to 4200000000000 marks the german republic was all but reduced to a barter economy. When the versailles treaty victors collecting reparation debts from germany finally forced a stable currency and inflation died down unemployment skyrocketed and the german economy really collapsed qe to infinity in germany kept people working put off the day of reckoning for several years which is an eternity in political time. When money dies the nightmare of deficit spending devaluation and hyperinflation in weimar germany adam fergusson inflation like most society wide monetary happenings is always complex and often incompletely grasped at least this is true of its causes of its effects most of all its social effects there is now little doubt. When money dies the nightmare of deficit spending devaluation and hyperinflation in weimar germany adam fergusson june 15 2020 inflation like most society wide monetary happenings is always com plex and often incompletely grasped at least this is true of its causes of its effects most of all its social effects there is now little doubt we