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Warren Buffett recommends When Money Dies


when-money-diesThe Daily Telegraph tells us that American investment guru Warren Buffett is recommending When Money Dies by Adam Fergusson – an obscure book from 1975 that illustrates what could happen today if European governments try to spend their way out of the recession.

Fergusson used to be an adviser to Conservative minister Lord Howe. The book charts how the post WWI German economy was ruined by hyperinflation after the Weimar government allowed public spending to run out of control.

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Richard Davies

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