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Author Topic: "Dying of Money" by Jens O. Parsson (1974) on-line.  (Read 4491 times)

Junker

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"Dying of Money" by Jens O. Parsson (1974) on-line.
« on: April 15, 2010, 09:47:33 pm »

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

            by Jens O. Parsson  (1974)

    Prologue:  The German Inflation of 1914-1923
    Act One:  The Rise of the Great American Inflation
      8:  The War
      9:  Grappling with Stability
      10:  The Great Prosperity of 1962-1968
      11:  The Inflationary Syndrome
      12:  Culprits and Scapegoats
      13:  The Open Questions
    Interlude:  The General Theory of Inflation

    It's on-line, here in 'doc' format:
Dying of Money - Lessons of the Great German and American Inflations.doc
And so, my 'htm' conversion of the 'doc' file:
Dying of Money.htm

    [The Rise of the Great American Inflation:]

    For the time being, forget completely one obvious and
    important fact about the American inflation.  That fact
    is that the American dollar lost only about 70% of its
    value from 1939 to 1973.  Prices were not quite 3.5
    times as high at the end of that time as at the beginning.
    In thirty-four years, that was a smaller loss than the
    Reichsmark suffered in a single year after the inflation
    steamroller began to roll, or in just two or three average
    days as the inflation approached its final crash.  By
    comparison, a loss of only 70% of value in three decades
    was not too bad.  The American inflation was therefore
    obviously much different from the German inflation.  For
    now, forget that.  Postpone until the end of the book
    deciding whether they were so fundamentally different
    that nothing could be learned from the German inflation.
    It is not necessary to decide now, and deciding now will
    only cloud your judgment.  ...
    [/list]
    « Last Edit: October 06, 2010, 07:31:33 pm by Junker »
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    Junker

    • Guest
    Re: "Dying of Money" by Jens O. Parsson (1974) on-line.
    « Reply #1 on: July 31, 2010, 04:48:26 pm »

    Lessons of the Great German and American Inflations by Jens O. Parsson (1974)
    Contents:
      Foreword
      Prologue:  The German Inflation of 1914-1923
       1:  The Ascent
       2:  The Descent
       3:  The Gains and Losses
       4:  The Roots
       5:  The Great Prosperity of 1920-1921
       6:  Politics
       7:  The Lessons

      Act One:  The Rise of the Great American Inflation
       8:  The War
       9:  Grappling with Stability
       10:  The Great Prosperity of 1962-1968
       11:  The Inflationary Syndrome
       12:  Culprits and Scapegoats
       13:  The Open Questions

      Interlude:  The General Theory of Inflation
       14:  Welcome to Economic Theory
       15:  Prices
       16:  Inflation
       17:  Velocity
       18:  Aggregate Values
       19:  Real Values
       20:  Government Debt
       21:  The Record Interpreted
       22:  Money
       23:  The Creation of Money
       24:  Depression
       25:  The Economics of Keynes
       26:  Inflationary Economics
       27:  Interest and the Money Wealth
       28:  The Economics of Disaster
       29:  The Crux
       30:  Taxes
       31:  American Taxes
       32:  Government Expenditure:  The National Dividend
       33:  Employment
       34:  Investment and Growth
       35:  Dogma

    The Last Acts:  The American Prognosis
     36:  Act Two, Scene One:  President Nixon Begins
     37:  Act Two, Scene Two:  Price Controls and Other Follies
     38:  The Way Out
     39:  The Way Ahead
     40:  Democratics
     41:  Political Reorganization
     42:  Self Defense
     43:  Self Defense Continued:  The Stock Market

     44:  A World of Nations
     45:  Interscript
    [/list]
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    gaurdduck

    • Guest
    Re: "Dying of Money" by Jens O. Parsson (1974) on-line.
    « Reply #2 on: July 31, 2010, 07:05:39 pm »

    Thanks for posting.
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    Junker

    • Guest
    Re: "Dying of Money" by Jens O. Parsson (1974) on-line.
    « Reply #3 on: August 01, 2010, 06:28:57 pm »

    Thanks for posting.

    And thank you, PKL.   May your gold stay yellow.
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    Junker

    • Guest
    Re: "Dying of Money" by Jens O. Parsson (1974) on-line.
    « Reply #4 on: August 01, 2010, 07:46:26 pm »

    And "Dying of Money" ...

      "Around the year 300 A.D., the Roman Empire under the
      Emperor Diocletian experienced one of the most virulent
      inflations of all time.  The government issued cheap coins
      called "nummi," which were made of copper washed with
      silver.  The supply of metals for this ingenious coinage
      was ample and cheap, and the supply of the coinage
      became ample and cheap too.  The nummi prices of
      goods began to rise dizzily.  Poor Emperor Diocletian
      became the author of one of the earliest recorded
      systems of price controls in an effort to remedy the woes
      without losing the joys of inflation, and he also became
      one of the earliest and most distinguished failures at that
      effort.  The famous Edict of Diocletian in 301 decreed a
      complex set of ceiling prices along with death penalties
      for violators.
    Many death penalties were actually inflicted,
    but prices were not controlled.
    "
    [/list]
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