WHEN MONEY DIES: The Nightmare Of Weiman Hyper-Inflation autorstwa Adam Fergusson



WHEN MONEY DIES by Adam Fergusson has jumped up to number 12 on Amazon.co.uk!!
 
This book has become a phenomenon after Warren Buffett, the world's most successful investor, recommended it to friends as a warning from history.

 Attached to this email as a pdf you will find an article which appeared in The Sunday Times yesterday. http://www.telegraph.co.uk/finance/financetopics/recession/7883931/Obscure-book-by-British-adviser-becomes-cult-hit-after-Warren-Buffett-tip.htmlObscure book by British adviser becomes cult hit after Warren Buffett tip

 http://news.bbc.co.uk/today/hi/today/newsid_8810000/8810147.stmAudio link: Buffett's inflation book boost



This book (which featured in the non-fiction section of our LBF rights guide) was originally published in the 1970s and is being re-published next month in the UK by Old Street Publishing with a new introduction. You will see that the subject matter still resonates very strongly in today's economic climate. 

In 1923, with its currency effectively worthless (the exchange rate in December of that year was one dollar to 4,200,000,000,000 marks), the Weimar Republic was all but reduced to a barter economy. Expensive cigars, artworks and jewels were routinely exchanged for staples such as bread; a cinema ticket could be bought for a lump of coal, and a bottle of paraffin for a silk shirt. In desperation, the Bavarian Prime Minister submitted a Bill to the Reichsrat proposing that gluttony be made a penal offence his exact definition of a glutton being 'one who habitually devotes himself to the pleasures of the table to such a degree that he might arouse discontent in view of the distressful condition of the population'.

Since its first publication in 1975, When Money Dies has become the classic history of these bizarre and frightening times. Weaving elegant analysis with a wealth of eyewitness accounts by ordinary people struggling to survive, it deals above all with the human side of inflation: why governments resort to it, the dismal, corruptive pestilence it visits on their citizens, the agonies of recovery, and the dark, long-term legacy. And at a time of acute economic strain, it provides an urgent warning against the addictive dangers of printing money -- shorthand for deficit financing -- as a soft option for governments faced with growing unrest and unemployment.