Excerpt from Paper Money by "Adam Smith," (George J.W. Goodman), pp. 57-62. Before World War I Germany was a prosperous country, with a gold-backed currency, expanding industry, and world leadership ...

HYPERINFLATION is among the worst catastrophes that can befall an economy. It can destroy output and destabilise societies. The hoarding of real assets, such as property and precious metals, wrecks ...

Star player Otto Stern was a physical chemist by training but became interested in physics after being taken under the wing of Albert Einstein at the Charles-Ferdinand University in Prague in 1912.

The Germans are the financially righteous nation, the finger-waggers at the improvident Greeks and, on occasion, at the Americans. Germans are that way because of their cultural memory of the great ...

Germany, as is well known now, had a hyperinflation from 1919 to 1923. At the end, the mark was worth one trillionth of its original value. Afterwards, the new German mark was pegged to gold, at its ...

Hyperinflation is generally defined as aggregate price levels rising at a rate of more than 50 percent per month. There are triggering causes that occur before this increase in the money supply, ...