“Over the nine years in between, Germany’s inflation followed not a constant course but a characteristic ascent and descent, a ripening and a decay”
- Dying of Money by Jens O. Parsson
- Dying of Money by Jens O. Parsson
“The life of the inflation in its ripening stage was a paradox which had its own unmistakable characteristics. One was the great wealth. These were the “profiteers” of whom everyone spoke. Industry and business were going at fever pitch.”
“Many great fortunes sprang up overnight. Berlin was one of the brightest capitals in the world in those days. Great mansions of the new rich grew like mushrooms in the suburbs. The cities, particularly in the eyes of the austere country folk, had an aimless and wanton youth…”
“& a cabaret life of an unprecedented splendor, dissolution, and unreality. Prodigality marked the affairs of both the government and the private citizen. When money was so easy to come by, one took less care to obtain real value for it, & frugality came to seem inconsequential”
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