Lau @Lau - 2y
"My relations and friends were too stupid. They didn't understand what inflation meant. They didn't rush to get rid of their money. That was what the Jews and the Germans did. All my relations thought it would stop the next week, and they went on thinking so. They woke up very late. They started selling their valuables because they couldn't buy food. The China from the mantelpiece, the furniture, the silver. That made them think, it made them think that when the price of an old set of silver spoons went up from 20,000 to 40,000 kr in a matter if a week or two. And if you had to sell a valuable writing desk for money which was worth only half as much a week later, of course there was ill feeling. It was resented when jews bought these things." Taken from "When Money Dies" by Adam Fergusson
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