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When Money Dies

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The Nightmare of Deficit Spending, Devaluation, and Hyperinflation in Weimar Germany
List Price: $17.00
Price: $13.95


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

This history of inflation in Weimar Germany is probably the most readable and riveting ever published. This is the reason this book, published first in 1975, is so legendary. The first generation that read it went wild and bought as many copies as were available. Then, mysteriously, it went out of print.

For years, copies fetched thousands of dollars on the used-book market. People were willing to pay. For those who couldn't afford it, there’s nothing like that kind of price tag to draw interest.

Somehow a publisher has finally managed to sort out a complex rights issue to bring it back into print.

The Mises Institute is interested because the author has a thoroughly Austrian take on the money issue here. And as a narrative of the wild events of the period, nothing else compares.

This was a time of bizarre parallels: amazing riches coinciding with terrible poverty, mass quantities of money coinciding with a shortage of money, mania and hysteria coinciding with mass depression, frenzied freedom coinciding with the rise of dictatorship. There is no better historical incident to illustrate what inflation does to society: it turns everything upside down. And the circumstances surrounding how it all occurred are eerily similar to our own today.

In short, you will find this book terrifying, gripping, educational, and extremely powerful.


Average Rating:
(based on 2 reviews)

Showing 2 Reviews:

by Joseph
on 6/17/2021
from Dunlap
Details of collapse of the mark...
   This book was interesting because while the tales of wheelbarrow currency were brushed over in history of WW1 to WW2, there was never this level of detail. There were a lot of players surrounding the rise to power of the Nazis in Germany.  and for me, this was a sobering, yet fascinating review of events post WW1 with lots of detail from real people who experienced the period of deprivation and dehumanization. Lots to be learned that actually applies today.
by James
on 6/22/2020
from Springfield
Now I know why it's so hard to find copies of this book - nobody wants to read it. The author's writing is terrible, he's trying to sound smart, not get to the point. Too bad since this is such an important topic. 

I also tried (and failed) to like "This time it's different." Two down. Still searching for a good book on this topic.
Review and Rate this Item

ISBN 9781586489946
Publisher Perseus Books
Publication Date 10/12/2010
Binding PB
Page Length 288
Dimensions 6x9

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