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My relations and friends were too stupid. They didn’t understand what inflation meant. They didn’t rush to get rid of their money (that was what the Jews and the Germans did). All my relations thought it would stop the next week - and they went on thinking so. They woke up very late. They started selling their valuables because they couldn’t buy food - the china from the mantelpiece, the furniture, the silver. That made them think - it made them think when the price of a set of old silver spoons went up from 20,000 to 40,000 crowns in a matter of a week or two. And if you had to sell a valuable writing desk for money which was worth only half as much a week later, of course there was ill-feeling. It was resented when Jews bought these things. The Jewish women would turn up at parties or at thé dansants when we were all broke, wearing the silver fox furs - three at a time for ostentation - and diamonds which they had bought from our relations for a song - or what, when they saw them again, had become a song. My relations didn’t know the value of anything. They were stupid. Our solicitors were no better. My mother’s bank manager gave her appalling advice - he didn’t know what he was talking about either. Anti-Semitism had been negligible before inflation. Although Bela Kun’s revolution had been mainly run by Jews, the White Terror had largely purged political resentment. The Jews had been badly treated in Hungary since the 1860s, and were not received socially for many years. Nine out of ten bore grudges, and when the opportunity of impressing the arrogant gentiles arrived at last, who was to blame them for taking it? When they made a success of inflation, they were hated. When they
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