Petits et grands enfants
 

REF : 9781586489953

When Money Dies

  • Epub
When Money Dies is the classic history of what happens when a nation’s currency depreciates beyond recovery. In 1923, with its currency effectively... Voir le descriptif
 
7,49 €

Livre numérique

   
Offrir un livre numérique

Offrez
un livre numérique

Vous souhaitez partager votre passion pour la lecture et faire découvrir la lecture numérique par la même occasion ?
Pour cela rien de plus simple !

Cliquez sur « Télécharger » depuis la page de l’ebook de votre choix.
Cochez la case « Offrir ce produit » lors de la validation de votre panier.
Saisissez l’adresse email de la personne à qui vous souhaitez faire ce cadeau. Validez la commande.

Votre proche recevra par email un lien lui permettant de télécharger son/ses ebook(s) et vous recevrez un email de confirmation de votre commande.

Descriptif

When Money Dies is the classic history of what happens when a nation’s currency depreciates beyond recovery. 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 German 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. People watched helplessly as their life savings disappeared and their loved ones starved. Germany’s finances descended into chaos, with severe social unrest in its wake.

Money may no longer be physically printed and distributed in the voluminous quantities of 1923. However, “quantitative easing,” that modern euphemism for surreptitious deficit financing in an electronic era, can no less become an assault on monetary discipline. Whatever the reason for a country’s deficit—necessity or profligacy, unwillingness to tax or blindness to expenditure—it is beguiling to suppose that if the day of reckoning is postponed economic recovery will come in time to prevent higher unemployment or deeper recession. What if it does not? Germany in 1923 provides a vivid, compelling, sobering moral tale.

Fiche technique

When Money Dies
Auteur :
Editeur (Livre) :
Date sortie / parution :
EAN commerce : 9781586489953
Support (Livre) : Ebook Epub
Format Ebook : Epub
Type de protection : Contenu protégé