Excerpt from Paper Money by "Adam Smith," (George J.W. Goodman), pp. 57-62. Before World War I Germany was a prosperous country, with a gold-backed currency, expanding industry, and world leadership ...

Star player Otto Stern was a physical chemist by training but became interested in physics after being taken under the wing of Albert Einstein at the Charles-Ferdinand University in Prague in 1912.

The Germans are the financially righteous nation, the finger-waggers at the improvident Greeks and, on occasion, at the Americans. Germans are that way because of their cultural memory of the great ...

Germany, as is well known now, had a hyperinflation from 1919 to 1923. At the end, the mark was worth one trillionth of its original value. Afterwards, the new German mark was pegged to gold, at its ...

Norbert Schulze was not yet born when the hyperinflation of the 1920s deeply scarred the German psyche. But he still remembers the Reichsmark notes denominated in millions and billions that years ...

Warren Buffett tells CNBC today that he'd "never heard" of an obscure 35-year-old book on German hyperinflation in the 1920s until a reporter called a few days ago to ask about a report he's ...

Every now and then it helps to dig through the past. Let's rewind back to 1920s Germany. Back then the country was stuck in a less-than-ideal economic situation after the suspension of the gold ...

Hyperinflation is generally defined as aggregate price levels rising at a rate of more than 50 percent per month. There are triggering causes that occur before this increase in the money supply, ...