Submitted by Tyler Durden on 11/01/2014 22:02 -0400
Ludwig von Mises
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.