|Dying of Money: Lessons of the Great German and American Inflations|
After directing readers to 2 free online versions of "Dying of Money"in my last post, I am happy to present a link to Adam Ferguson's "When Money Dies" which at the time of writing has an asking price of
Thanks to a reprint it can now be had for
There is still a free option here to read the book online.
The British Independent wrote the following about this rare classic written after the oil shock in the early 1970s:
The book was scarily topical when it was first published in 1975, after the 1973 Arab-Israeli war, when the oil producing nations had got together as a cartel, quadrupled the price of oil and set off double figure inflation in Western economies.
Fergusson, an Old Etonian journalist and political activist, seized the moment to present a graphic description of what happened the last time a developed economy was hit by hyperinflation. His subject was Germany's Weimar Republic, that turbulent democratic interlude between the fall of the Kaiser and rise of Adolf Hitler – and particularly the early 1920s, when the German mark became worthless.