Excerpt from Paper Money by "Adam Smith," (George J.W. Goodman), pp. 57-62. Before World War I Germany was a prosperous country, with a gold-backed currency, expanding industry, and world leadership ...

HYPERINFLATION is among the worst catastrophes that can befall an economy. It can destroy output and destabilise societies. The hoarding of real assets, such as property and precious metals, wrecks ...

The more things change the more they stay the same; our modern inflationary currencies are beginning to mirror that of Weimar. In the early 1920s, the value of the papiermark (the native currency of ...

The Germans are the financially righteous nation, the finger-waggers at the improvident Greeks and, on occasion, at the Americans. Germans are that way because of their cultural memory of the great ...

British historian Taylor (Dresden) adds to a solid body of work on 20th-century Germany with this chilling account of the human face of hyperinflation in the 1920s Weimar Republic. Many blame the ...