Adam Fergusson

Интересный взгляд на гиперинляцию веймарской республики. Большое количество фактов и причин гиперинфляции раскрыты в книге. Есть интересные отрывки из рассказов людей, которые прожили данную инфляцию. Раскрыты главные игроки, которые помогли осуществить финансовое становление Третьего Рейха.… (mais)

Interesting survey of the post-WWI hyperinflation in Germany and to a lesser extent, the inflation in Austria and Hungary.

Until I was halfway through, I didn't know about the recent resurgence of interest in the book. (I discovered it through a reference elsewhere.) Despite the publisher's blurb about "quantitative easing" on the back of the book, and the author's Conservative credentials, I think anyone reading this as a cautionary tale about modern monetary policy may leave disappointed. As it was published in Britain in 1975, it may well be viewed as a warning about the inflation then taking place.

Read it for what it is--a sobering story of what happens not just to a country and industry but to ordinary people when currency ceases to have value and citizens no longer have faith that it will be worth anything.… (mais)