When Money Dies读书介绍
| 类别 | 页数 | 译者 | 网友评分 | 年代 | 出版社 |
|---|---|---|---|---|---|
| 书籍 | 288页 | 2010 | PublicAffairs |
| 定价 | 出版日期 | 最近访问 | 访问指数 |
|---|---|---|---|
| GBP 10.99 | 2010-10-12 … | 2022-08-22 … | 51 |
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.
作者简介作者简介：
亚当•弗格森（Adam Fergusson），1932年出生于苏格兰。剑桥大学历史系毕业后，曾任《格拉斯哥先驱报》《统计学家报》与《泰晤士报》记者。他担任过欧洲议会成员、英国外交部特别顾问及欧洲国际工商事务顾问等数职。目前任英国皇家文学学会会员。
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