Word: pfennigs
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Dates: during 1970-1979
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...slow, heavily technical speech make him seem the embodiment of fiscal traditionalism. But as a child in Berlin he lived through the insane German inflation of 1923-24. Once his mother gave him 105 billion marks to buy a ticket to a swimming pool that had cost 15 pfennig to enter not long before. But she miscalculated; by the time Wallich got to the pool, the price had risen to 150 billion marks, and he could not get in. Today at 64 Wallich regards inflation as not just an economic but a moral outrage. Says he: "Inflation is like...
...visitor might expect to rent a small Mercedes-Benz 200 for a reasonable sum, he will find that it costs $82.60 a day, plus 30? per kilometer, plus gas, which can cost $1.75 per gal. on an autobahn. Obviously, the U.S. tourist needs to plan his trip with pfennig-pinching, shilling-saving, franc-squeezing acumen. If he does so, the wary wayfarer can still get a lot for his shrunken buck. Items...
...taxes that enable me to compete." A Communist Party member since 1972 and honorary delegate to the ninth East German party congress last May, Fuchs is an enthusiastic supporter of the East German sports system, which allows her "to go to the stadium and train without putting a single pfennig on the table." Once motivated by ego, Fuchs says winning is now "a political matter...
...experts warned that it would not last, and they were right. Fearful of the impact of the world energy crisis on German jobs and industry, pfennig-pinching West Germans began saving instead of spending, undermining domestic demand and forcing the entire economy into a top-heavy dependence on foreign business...
Many NATO diplomats are somewhat dismayed by West German Finance Minister Helmut Schmidt's views on helping to pay U.S. troop costs in Europe. Schmidt's position: "Not a pfennig...