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When Money Dies: Germany and Paper Money After 1910

11/1/2014

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When Money Dies: Germany and Paper Money After 1910

Submitted by Tyler Durden on 11/01/2014 22:02 -0400

    Bond
    Central Banks
    Daimler
    Federal Reserve
    Germany
    Ludwig von Mises
    Martial Law
    Mises Institute
    Monetary Policy
    Money Supply
    Reality

Submitted by Marcia Christoff-Kurapovna via The Ludwig von Mises Institute,

The story of the destruction of the German mark during the hyper-inflation of Weimar Germany from 1919 to its horrific peak in November 1923 is usually dismissed as a bizarre anomaly in the economic history of the twentieth century. But no episode better illustrates the dire consequences of unsound money or makes a more devastating, real-life case against fiat-currency: where there is no restraint, monetary death will follow.

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