According to the U.K's Telegraph , apparently told friends that a book titled When Money Dies illustrates what could possibly happen if European government attempt to spend their way out of the current financial crisis hitting the whole region. The book is written in 1975 by Adam Fergusson and is currently selling for $800 on Amazon. When Money Dies illustrates how the German economy was hit hard by hyperinflation after the Weimar government allowed spending to spiral of control, which eventually led to Hitler's Nazi party to come into power in 1933. On the British economy, Warren Buffett is quoted as saying:
"In Britain today there is this debate between neo-Keynesians who want to postpone any tightening of the economy and those who say it should be done at once." "To my mind it is a nondebate, because politically now is the only time tightening can be done. In a year or so it won't be possible, politically, any more.
"When governments are not strong or brave enough politically, finally the economy goes to pieces anyway.”
"In Britain today there is this debate between neo-Keynesians who want to postpone any tightening of the economy and those who say it should be done at once." "To my mind it is a nondebate, because politically now is the only time tightening can be done. In a year or so it won't be possible, politically, any more.
"When governments are not strong or brave enough politically, finally the economy goes to pieces anyway.”
