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Download Dying of Money: Lessons of the Great German and American Inflations djvu

Download Dying of Money: Lessons of the Great German and American Inflations djvu

by Jens O. Parsson

Author: Jens O. Parsson
Subcategory: Humanities
Language: English
Publisher: Wellspring Pr; First Edition edition (April 1, 1974)
Category: Other
Rating: 4.3
Other formats: mobi lrf lrf mbr

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Writing of the booming inflationary ascent in Germany, prior to the hyperinflationary fall, Parsson's observation may strike you as familiar: "Concentration of wealth and business was still another characteristic trend. The merger, the tender offer, the takeover bid, and the proxy fight were in vogue. Bank mergers were all the rage, while at the same time new and untried banks sprouted. Great ramshackle conglomerates of all manner of unconnected businesses were collected together by merger and acquisition. I found a PDF copy online.

No one seemed to notice the earlier false boom and the later inflationary bust where the Reichsbanknote lost 9. % of its value in a very short three months. He applies causes and lessons learned from the German inflationary debacle to American inflation where time will lead to increasing deterioration of purchasing power .

Ronald H. Marcks (Jens O. Parsson) wrote "Dying of Money" in 1974, at the height of the double-digit inflation then raging, analyzing its causes and accurately predicting its future. His analysis of the financing gap in Social Security was published in the Wall Street Journal in the 1980’s. He self-published the book using under the pen name Jens O Parsson and used Wellspring Press as the name of the publisher. He sold just a thousand or so copies fulfilling them himself. There's no finer book on the inflationary process than Dying of Money

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.

The cover motif is a piece of old German money. On the day it was issued, it was worth about twenty dollars.

Dying of Money Paperback – March 8, 2011. by Jens O. Parsson (Author) Great book on inflation, the first half. But the second half calls for more government, which we don't need

Dying of Money Paperback – March 8, 2011. Parsson (Author). If I was ever restricted to owning one book, and that one book was to provide the most amount of understanding of a subject, 'Dying of Money' would be that book. I managed to obtain a copy some 18 months ago, and I consider it the pearl of my book collection. Great book on inflation, the first half. But the second half calls for more government, which we don't need.

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All Authors, Contributors: Jens O Parsson. Find more information about

Inflation (Finance) - Germany - History. Inflation (Finance) - United States. All Authors, Contributors: Jens O Parsson. Find more information about: Jens O Parsson. ISBN: 978145750502666.

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 inflation. A few years before, in 1920 and 1921, Germany had enjoyed a remarkable prosperity envied by the rest of the world. Prices were steady, business was humming, everyone was working, the stock market was skyrocketing. The Germans were swimming in easy money. Within the year, they were drowning in it. Until it was all over, no one seemed to notice any connection between the earlier false boom and the later inflationary bust. In this book, Jens O. Parsson performs the neat trick of transforming the dry economic subject of inflation into a white-knuckles kind of blood-chiller. He begins with a freewheeling account of the spectacular inflation that all but destroyed Germany in 1923, taking it apart to find out both what made it tick and what made it finally end. He goes on to look at the American inflation that was steadily gaining force after 1962. In terms clear and fascinating enough for any layman, but with technical validity enough for any economist, he applies the lessons gleaned from the German inflation to find that too much about the American inflation was the same, lacking only the inexorable further deterioration that time would bring. The book concludes by charting out all the possible future prognoses for the American inflation, none easy but some much less catastrophic than others. Mr. Parsson brings much new light to bear on this subject. He lays on the line in tough, spare language exactly how and why the American inflation was caused, exactly who was responsible for causing it, exactly who unjustly benefited and who suffered from the inflation, exactly why the government could not permit the inflation to stop or even to cease growing worse, exactly who was going to pay the ultimate price, and exactly what would have to be done to avert the ultimate conclusion. This book packs a wallop. It is not for the timid, and it spares no tender sensibilities. The conclusions it reaches are shocking and are bound to provoke endless dispute. If they proved to approximate even remotely the correct analysis of the American inflation, hardly any American citizen could escape being the prey of inflation and no one could afford not to know where the inflation was taking him. In the economic daily lives of everyone, nothing will be the same after this book as it was before.