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Dying of Money: Lessons of the Great German and American Inflations Dying of Money: Lessons of the Great German and American Inflations
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Amit
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Speculation was the main activity with most of non productive assets…. As prices rose 20x in months,… scientists and lawyers went to farm as workers so they would have food. The biggest winners were creditors as all of their debts were wiped out. Germany 1922-1923
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