Michael Pollak wrote:
>
> On Fri, 27 Feb 2009, Jordan Hayes wrote:
>
> There's a genius book on what Germans experienced and how it changed them
> between 1914 and 1938 by Sebastian Haffner (called _A German's Story_ in
> German, and _Defying Hitler_ in English -- which is meant *very*
> ironically). And in it, he has a chapter on the hyperinflation that is
> fascinating. It turns out that this was exactly the main solution that
> most people hit on -- that money was worthless, but stock inflated just as
> fast as money did, so smart people put their money directly into stocks
> and then used shares as currency.
In 1945 they used cigarettes. A pack would exchange until it fell apart and the cigarettes never would get smoked. I believe GIs paid $1 a carton in the PX (1.50 in 1951) but the would be better than outside the base.
Carrol