Dying of Money: Lessons of the Great German and American Inflations Curt M. Adams Pool Sharks (silent)

Pool Sharks (silent)

and spirited off to a remote location

homogenizers

In those days with no mobile phones

Dying of Money: Lessons of the Great German and American Inflations Curt M. Adams Pool Sharks (silent)The cover motif is a piece of old German money. It is a Reichsbanknote issued on August 22, 1923 for one hundred million marks. Nine years earlier, that many marks would have been about 5 percent of all the German marks in the world, worth 23 million American dollars. On the day it was issued, it was worth about twenty dollars. Three months later, it was worth only a few thousandths of an American cent. The process by which this occurs is known as