Dying of Money - Lessons of the Great German and American Inflations
Parsson, Jens O. [Marcks, Ronald H.]
Language: English
Published by Wellspring Press, Boston, 1974
- First Edition
- Hardcover
- Used
Seller: RareNonFiction, IOBA, Ladysmith, BC, CanadaRareNonFiction, IOBA
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View this seller's itemsCondition: Used - Good
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Add to basketItem description from seller
"Transforms the dry economic subject of inflation into a white-knuckles kind of blood-chiller. Concludes by charting out all the possible prognoses for the American inflation, none easy but some much less catastrophic than others. Not for the timid. Spares no tender sensibilities. The conclusions it reaches are shocking" - replica dust jacket. [3]-372 pp. including over forty pages of highly-informative footnotes. Ronald H. Marcks, a New England lawyer, adopted the pen name Jens O. Parsson to avoid any discomfort to his clients or associates which might stem from his alarming forecast. Former library copy with usual markings. Tight and square with moderate wear to publisher's green cloth. Replica dust jacket preserved in archival-grade Brodart. One of only a thousand copies in the first edition of this profoundly important and most timely treatise.; 8vo - over 7¾" - 9¾" tall; Dying of Money, German Hyperinflation, Monetary Policy, Inflation - United States, Weimar Hyperinflation, Fiat Currency, Paper Money, Quantitative Easing, QE, Weimar Republic, MMT, Modern Monetary Theory, Helicopter Money.…
Seller Inventory # 324h5604
- Title
- Dying of Money - Lessons of the Great German and American Inflations
- Author
- Parsson, Jens O. [Marcks, Ronald H.]
- Publisher
- Wellspring Press, Boston
- Publication year
- 1974
- Condition
- Good
- Binding
- Hardcover
- Language
- English
- ISBN 10
- 0914688014
- ISBN 13
- 9780914688013
- Edition
- First Edition.
- Seller catalogs
- Economics, History
A few years before, in 1920 and 1921, Germany had enjoyed a remarkable prosperity envied by the rest of the world. Prices were steady, business was humming, everyone was working, the stock market was skyrocketing. The Germans were swimming in easy money. Within the year, they were drowning in it. Until it was all over, no one seemed to notice any connection between the earlier false boom and the later inflationary bust.
In this book, Jens O. Parsson performs the neat trick of transforming the dry economic subject of inflation into a white-knuckles kind of blood-chiller. He begins with a freewheeling account of the spectacular inflation that all but destroyed Germany in 1923, taking it apart to find out both what made it tick and what made it finally end. He goes on to look at the American inflation that was steadily gaining force after 1962. In terms clear and fascinating enough for any layman, but with technical validity enough for any economist, he applies the lessons gleaned from the German inflation to find that too much about the American inflation was the same, lacking only the inexorable further deterioration that time would bring. The book concludes by charting out all the possible future prognoses for the American inflation, none easy but some much less catastrophic than others.
Mr. Parsson brings much new light to bear on this subject. He lays on the line in tough, spare language exactly how and why the American inflation was caused, exactly who was responsible for causing it, exactly who unjustly benefited and who suffered from the inflation, exactly why the government could not permit the inflation to stop or even to cease growing worse, exactly who was going to pay the ultimate price, and exactly what would have to be done to avert the ultimate conclusion.
This book packs a wallop. It is not for the timid, and it spares no tender sensibilities. The conclusions it reaches are shocking and are bound to provoke endless dispute. If they proved to approximate even remotely the correct analysis of the American inflation, hardly any American citizen could escape being the prey of inflation and no one could afford not to know where the inflation was taking him. In the economic daily lives of everyone, nothing will be the same after this book as it was before.
"Synopsis" may belong to another edition of this title.
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