SubscribeAll Posts Tagged With: "German hyperinflation"
1932 Great Depression or 1923 Weimar German hyperinflation?
Endless reports in the media have pointed out that this global recession is “worse than anything since the Great Depression.”
To be fair, it’s not even certain yet that this nasty downturn has beaten the mid-1970s downturn, though it probably will. But even if that does happen, by focusing exclusively on the 25% unemployment of the 1930s and the “Grapes of Wrath” Joad family as our inevitable future, we’re ignoring another equally unpleasant potential scenario: The Weimar German hyperinflation of 1923.
The U.S. authorities and those of the G-20 are currently avoiding most of the mistakes that during the period from 1930 to…
9Apr2009 | Money Morning | 0 comments | Continued
Loading ...
