If you haven’t read this book, sorry I disrespect you. You and your worthless CFA diploma that is worth shit! End the Fed! 🔥

“The complications of daily life in the city by this time were such as to require an extended mathematical knowledge merely to keep body and soul together. In the press each morning would be published a list of the day's prices:

* Tramway fare 50,000

* Tramway monthly season ticket for one line 4 million

*  for all lines 12 million

* Taxi-autos: multiply ordinary fare by 600,000

* Horse cabs: multiply ordinary fare by 1,400,000

* Bookshops: multiply ordinary price by 300,000

* Public baths: multiply ordinary price by 115,000

* Medical attendance: multiply ordinary price by 80,000

There was a different index or multiplier for every trade and for every class of goods in each trade. The most ordinary purchase in a shop demanded three or four minutes of calculation, and when the price had been ascertained several more minutes were usually needed to count out the notes in payment. The queues grew longer and longer. Lord D'Abernon wrote: It is hardly to be wondered that a great deal of discontent prevails. It is vexatious enough for a foreigner to be asked for a green fee at the golf course of one million marks, but he can console himself that in his case it amounts to about a shilling. The unfortunate housewife charged similar rates for household articles can make no such reflection. To boot, she has to stand in a queue for several hours to get some articles like butter.”

When Money Dies: The Nightmare of the Weimar Collapse

by ADAM FERGUSSON

Study #bitcoin