General Information
===================
 Title:                  When Money Dies
 Author:                 Adam Fergusson
 Read By:                Antony Ferguson
 Copyright:              2010
 Audiobook Copyright:    2010
 Genre:                  History
 Publisher:              Ben Bernanke

File Information
================
 Number of MP3s:         14
 Total Duration:         8:58:56
 Total MP3 Size:         248.52
 Parity Archive:         No
 Ripped By:              Barack Obama
 Encoded At:             CBR 64 kbit/s 44100 Hz Mono
 Normalize:              None
 Noise Reduction:        None
 ID3 Tags:               Set, v1.1, v2.3

Book Description
================
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.