When Money Dies: Brother, Can You Spare a Million Marks‪?‬

From wise friends to obscure websites, we'd heard rumors that it exists. But tracking down When Money Dies, the definitive 1975 text on hyperinflation in Weimar Germany, is another matter entirely. Amazon lists a copy for $2,500. The Library of Congress declares it on perpetual "internal loan." The publisher is out of business. But we eventually located Adam Fergusson in London, and he graciously gave TAC permission to condense his classic. Even in abridged form, its literary grace and historical insight are apparent. So too its modern relevance. THE AGONY OF INFLATION is similar to acute pain--demanding complete attention while it lasts; forgotten or ignorable when it has gone, whatever scars it may leave behind. Some such explanation may apply to the strange way in which the remarkable episode of the Weimar inflation has been divorced from contemporary incident.