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What has the Weimar Republic tragedy taught us?
By Ambrose Evans-Pritchard
Ebay is offering a well-thumbed volume of "Dying of Money: Lessons of the
Great German and American Inflations" at a starting bid of $699 (shipping
free.. thanks a lot).
The crucial passage comes in Chapter 17 entitled "Velocity". Each big
inflation -- whether the early 1920s in Germany, or the Korean and Vietnam
wars in the US -- starts with a passive expansion of the quantity money.
This sits inert for a surprisingly lo
By Ambrose Evans-Pritchard
Ebay is offering a well-thumbed volume of "Dying of Money: Lessons of the
Great German and American Inflations" at a starting bid of $699 (shipping
free.. thanks a lot).
The crucial passage comes in Chapter 17 entitled "Velocity". Each big
inflation -- whether the early 1920s in Germany, or the Korean and Vietnam
wars in the US -- starts with a passive expansion of the quantity money.
This sits inert for a surprisingly lo