WHEN MONEY DIES: THE NIGHTMARE OF WEIMAR HYPER-INFLATION

Book ID/图书代码： 13129010B37982

English Summary/英文概要： 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 Weimar 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. In desperation, the Bavarian Prime Minister submitted a Bill to the Reichsrat proposing that gluttony be made a penal offence his exact definition of a glutton being ’one who habitually devotes himself to the pleasures of the table to such a degree that he might arouse discontent in view of the distressful condition of the population’. Since its first publication in 1975, When Money Dies has become the classic history of these bizarre and frightening times. Weaving elegant analysis with a wealth of eyewitness accounts by ordinary people struggling to survive, it deals above all with the human side of inflation: why governments resort to it, the dismal, corruptive pestilence it visits on their citizens, the agonies of recovery, and the dark, long-term legacy. And at a time of acute economic strain, it provides an urgent warning against the addictive dangers of printing money -- shorthand for deficit financing -- as a soft option for governments faced with growing unrest and unemployment.

Chinese Summary/中文概要： 股神巴菲特點股成金、點公司成金的能力誰也不用懷疑。但是想不到的是股神點書也可以成金！
據說前一陣子他向一位荷蘭金融家推薦一本叫《當貨幣死亡》（ When Money Dies）的書，這本書講述第一次大戰後，德意志魏瑪共和國Weimar公共開支失控，試圖以狂印銀紙滅赤，結果造成超級通脹（ hyperinflation），造就納粹黨上台。作者是英國前副首相賀維（Lord Howe）的顧問弗格森（Adam Fergusson）。這本一九七五年寫成的書經他推薦下成了財經網誌熱賣貨品，炒價升至一千六百英鎊，驅使出版社重新出版發行。
熱賣的原因是各國政府均在大印鈔票，大幅增加貨幣供應刺激經濟，手法就像當年德國的威瑪政府以濫發鈔票滅赤減賠款一樣。荷蘭金融家及不少歐洲財經界人士認為重溫這本書，重溫這段歷史可以提醒所有人留心零息政策、量化寬鬆貨幣政策的害處，作好盡快退市的準備。(Vincent)

Awards/获奖情况：巴菲特推薦書《當貨幣死亡》炒至1,600英鎊/ 本！

Amazon UK sales ranking is no.1

http://www.telegraph.co.uk/finance/financetopics/recession/7883931/Obscure-book-by-British-adviser-becomes-cult-hit-after-Warren-Buffett-tip.html
Obscure book by British adviser becomes cult hit after Warren Buffett tip

http://news.bbc.co.uk/today/hi/today/newsid_8810000/8810147.stm
Audio link: Buffett’s inflation book boost

Reviews:
’The Prime Minister would do well to put copies of this fascinating history beside every bed in Chequers’---The Times

’The narrative has its own compelling pace -- the pace of runaway inflation’---Guardian

’Dazzling journalism’---Daily Telegraph

’Excellent . . . One is left with utter disbelief that people could return to normality from such a monetary madhouse’---Financial Times...

It was synonymous with ineffectual liberalism and fiscal chaos. Now, thanks to Warren Buffett, everyone’s talking about it
http://www.independent.co.uk/news/business/analysis-and-features/how-weimar-became-a-republic-for-our-times-2026747.html

版权销售情况：China (China Industry & Commerce Press), Germany (FinanzBuch Verlag), Italy (Neri Pozza), Indonesia (Mizan), Japan (Shinchosha), Korea (Woongjin Think Big Co.), Poland (Studio Emka), Spain (Alianza), Taiwan (Rye Field Publications) -周芸2010-12-28

About the Author/作者介绍： Adam Fergusson，1932年生於蘇格蘭，畢業牛津大學歷史系。曾任職Glasgow Herald, the Statist及The Times等報社。擔任過歐洲會議成員，英國外交部的特別顧問、歐洲國際工商業事務的顧問。也寫過3本小說。目前是英國皇家文學會的會員。

Format:TRADE PAPERBACK

Rights Status/版权销售情况：Simplified Chinese/简体中文：AVAILABLE(到期可授)

Complex/Traditional Chinese/繁体中文：AVAILABLE(到期可授)

Sales in other countries/其他国家销售情况：

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