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Amazing book - a look back into a history recent enough to affect our own lives. Reader, be ware - the Republic's approach to economics is being followed in our own times and we will reap what our government sows!

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The breathtaking ignorance and foolishness of the politicians and bankers detailed in this excellent history of the Weimar Hyperinflation suggests comparison with the ignorance and over-confidence of the New Labour government, selling the country's gold at a 20-year low and ignoring advice not to advertise the intention. We have suffered crippling inflation in the 70s with the ludicrous Conservative Chancellor Anthony Barber's "dash for growth", and we are now suffering the deep immorality of savings being destroyed by a combination of miniscule interest rates, high inflation and above all the savage tax on interest earned. The terrible demoralisation of the population described in this book and even our own experience of debauching the currency still isn't enough of a lesson.

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May be a preview to what is gonna happen! If I knew exactly what is going to happen, I'd be a billionaire......................

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Some interesting historical perspectives but style generally ponderous, reiterative and attention to "calibrating" the equivalent massive depreciations into current fiscal terms distracting. Regret I gave up reading it half way through.

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I well remember my Latin master saying 'Boys, money is only of token value and stands for goods received or services rendered' This was in the 40s and well ahead of Adam Ferguson's book. (Was he in my Latin class?) So as for the book, I admit to being disappointed until I read the last two pages. For further reading I suggest 'What Happens Next?' - also available from Amazon U K