Manage episode 279859117 series 76841
Ryan McMaken joins the show to discuss Adam Fergusson's seminal history of Weimar-era hyperinflation in Germany, When Money Dies. Americans accustomed to the dollar's king status have no idea how quickly and brutally a currency can lose value, especially when war finance distorts the entire structure of a nation's economy.
What follows is sobering: hunger, violence, crime, and degradation. This fascinating book makes for a great study of how and why inflation rises quickly, and provides a cautionary tale for central banks and fiscal policy makers today.Plus listen to the show for a link to your free copy of the book!
Read Hans Sennholz on Hyperinflation at Mises.org/HyperInflation
Find Henry Hazlitt's What You Should Know About Inflation at Mises.org/InflationHazlitt
Read Lyn Alden's article on inflation at Mises.org/Alden