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THE first edition of this book was written in August
and September, - "~~ “cfore T knew that the war
was at last corr'- zn end, and it was nublished
soon after {11.
In this cour*- : evil of over-issue of currency
had not »ro~-sse ararly so far as in several others,
and ir © 7 he :-ubsequent experience of
Russia, .. _.2 Pelind the British note issue
of that ‘mc ~% quite '~i”ing, converted into
marks at tic c- or rate . © ‘weoty to the pound
the whole arm.ont itil. °° was then only a
trifling fraction ¢ ’.- ular _. marks which were
added each C:v _. (ae Zc”-nr -rencyin the autumn
of 1923. B:~ a- = chet a little cloud
no bigger than ;¢ the herald of
a storm, and (he I'v -pecially alarming
 by the amc ~ ~revaued even
in most “ex: paper pounds
which, thougl. ... !d <oin had
long ago been ..G Lion paid
out by thr TLTIIUS Uwelve
months at .u =i of a
million pound. ~ . _. _.vemnment
 apologists. © nyt oe" Ticials.