GERMANY’S BOOM.
ERA OF INFLATION. CRASH INEVITABLE. RECKLESS SPENDING. By Telegraph.—Press Assn.—Copyright. London, Sept. 12. Lord Beaverbrook, writing in the Daily Express from Berlin, says that, while on the surface there is prosperity everywhere in Germany, the era of inflation which is behind the apparent wealth and luxury will inevitably end in a crash. Germany is going through a postponed but prolonged boom which makes Britain’s post-war boom of 1919 a tiny thing. There is nothing in the industrial position of Germany, beaten and impoverished by the great war, to justify the rate at which she is, living. As the inflation increases, and as the value of the mark declines, the spending increases. The recklessness of the whole proceeding is beyond belief. The present fools’ paradise in which the country is living is a domestic one, and has nothing to do with the export trade.
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Taranaki Daily News, 14 September 1921, Page 5
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145GERMANY’S BOOM. Taranaki Daily News, 14 September 1921, Page 5
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