In a recent article by Ambrose Evans-Pritchard on ‘The Death of Paper Money’, AEP mentioned a book on eBay which the great and the good of Wall Street and The City are reading, which is currently coming in at $699 Dollars a copy. Here’s the quote:
As they prepare for holiday reading in Tuscany, City bankers are buying up rare copies of an obscure book on the mechanics of Weimar inflation published in 1974. Ebay is offering a well-thumbed volume of “Dying of Money: Lessons of the Great German and American Inflations” at a starting bid of $699 (shipping free.. thanks a lot). The crucial passage comes in Chapter 17 entitled “Velocity”…
The Cobden Centre. Always saving your money.
As you may have seen, this book has now been removed from Scribd due to copyright reasons. Oh well. It was good while it lasted. I wonder what Stephan Kinsella would say about this?