Wednesday, July 28, 2010
Elite Bankers Suddenly Interested In Past Hyper-Inflations?
The UK Telegraph had an interesting article on Sunday, entitled "The Death of Paper Money". It talks about a couple of books that are suddenly in demand among "elite banking circles" - books dealing with the causes and results of past hyper-inflations.
Both books are out of print in the U.S., but both of them can also be downloaded for free online:
Dying of Money: Lessons of the Great German and American Inflations, by Jens O. Parrson (1974)
When Money Dies: The Nightmare of the Weimar Hyper-Inflation, by Adam Fergusson (1975)
You can also buy a new paperback reprint of Fergusson's When Money Dies from the UK Amazon for under $30.
So, when unbacked fiat paper money dies... will we finally return to Constitutional Tender?