Dying of Money: Lessons of the Great German and American Inflations
Publisher: Wellspring Pr | ISBN: 0914688014 | edition 1974 | PDF | 265 pages | 2 mb
Most of us have at least a general idea of what we think ination is. Ination is the state of affairs in which prices go up. Ination is an old, old story. Ination is almost as ancient as money is, and money is almost as ancient as man himself.
It was probably not long after the earliest cave man of the Stone Age fashioned his rst stone spearhead to kill boars with, perhaps thirty or forty thousand years ago, that he began to use boar's teeth or something of the sort as counters for trading spearheads and caves with neighboring clans. That was money. Anything like those boar's teeth that had an accepted symbolic value for trading which was greater than their intrinsic value for using was true money.