Rising Inflation
Adam Fergusson enjoyed “an unexpected literary revival” this past summer when a book he wrote 35 years ago was republished in the UK. About Germany’s economic collapse after WWI, which lead to Hitler’s rise, it was a “cult text among gold enthusiasts and inflation phobes.” After it was erroneously reported that Warren Buffet was a fan, original copies began selling for upwards of $1,000 each on the Web. (Financial Times, 8/20/10)
The book was reprinted by Public Affairs in the U.S. in October. The Wall Street Journal revisits the story today, in a review that ends with the words, “Every body ought to read this book. But baby boomers must.” As a result, the reprint moved up to #43, from #939 yesterday on Amazon’s sales rankings.
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