ENGLISH

Dying of Money: Lessons of the Great German and American Inflations

By Parsson , Jens O.

Book information

Year
1974
ISBN
1457502666
Open Library ID
OL5442556M
Language
english
Format
EPUB
Filesize
1 MB (1284620 bytes)
Pages
0\0
Time added
2014-04-12 01:56:29

Description

In this book, Jens O. Parsson performs the neat trick of transforming the dry economic subject of inflation into a white-knuckles kind of blood-chiller. He begins with a freewheeling account of the spectacular inflation that all but destroyed Germany in 1923, taking it apart to find out both what made it tick and what made it finally end. He goes on to look at the American inflation that was steadily gaining force after 1962. In terms clear and fascinating enough for any layman, but with technical validity enough for any economist, he applies the lessons gleaned from the German inflation to find that too much about the American inflation was the same, lacking only the inexorable further deterioration that time would bring. The book concludes by charting out all the possible future prognoses for the American inflation, none easy but some much less catastrophic than others.

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