deflation/inflation – “Dying of Money”
Last week FSN suggested reading
"Dying of Money: Lessons of the Great German and American Inflations" by Jens Parsson
Out of print, but can be read on-line
So far, I’ve only read through the part about Germany, but I recommend it. His analysis of what Germany went through between the wars was interesting and I kept hitting passages that sound all too familiar today, even though the particulars are quite different (history rhyming, not repeating). But the germane part had to to with the different stages the economy went through and what was inflation and what was not.
I only read about finances for self-wealth preservation, but this book (so far) has been fascinating. He puts down a lot of common held opinions as well (that the inflation in Germany was a result of war reparations, etc).
If nothing else read the part about Germany – you will see many passages that seem too close recent events for comfort.
And of course in searching for the link to this book I ran across this one as well:
"When Money Dies: The Nightmare of the Weimar Collapse" by ADAM FERGUSSON
Which I’ve heard is also good and have on my reading list now.