Showing posts with label Weimar Republic. Show all posts
Showing posts with label Weimar Republic. Show all posts

Thursday, September 27, 2012

Quantitative Easing Did Not Work For The Weimar Republic Either

It appears the cost/benefit ratio for QE is asymmetric.  The upside is limited (a temporary reduction in bond yields), while the potential downside is gargantuan (a hyperinflationary economic collapse).

http://theeconomiccollapseblog.com/archives/quantitative-easing-did-not-work-for-the-weimar-republic-either

Thursday, October 13, 2011

Tuesday, April 5, 2011

German hyperinflation during the Weimar Republic

A chart is worth a quadrillion dollars.  Click on image to enlarge.

Saturday, March 26, 2011

The German Hyperinflation, 1923

Since PBS is government-subsidized, I feel safe in linking this article.

http://www.pbs.org/wgbh/commandingheights/shared/minitext/ess_germanhyperinflation.html

For those more curious, Google Weimar Republic.  Or Rudolf Havenstein.  Yes, I know--I am repeating myself.

Thursday, April 22, 2010

Havenstein's choice

Rudolf Havenstein was President of the Reichsbank, Germany's central bank during the hyperinflationary Weimar Republic.

This paper examines inflationory and deflationary forces and their effect on gold prices. Some of the conclusions are rather surprising, some aren't.

http://www.24hgold.com/english/news-gold-silver-havenstein-s-choice.aspx?contributor=Hyperinflation+chronicles&article=965023390G10020&redirect=False

Tuesday, November 24, 2009

The collapse of the Weimar Republic

http://mises.org/web/4016#pg182

'The population is ripe,' Joseph Addison wrote home to Alexander Cadogan,* (Later Sir Alexander Cadogan, O.M., Permanent Under-Secretary of State for Foreign Affairs, 1938-1946.) 'to accept any system of firmness or for any man who appears to know what he wants and issues commands in a loud, bold voice.'

Addison had another significant point to make:

Economic distress is leading the people to be much more amenable to authority as representing the only hope of salvation from the present state of affairs. Unemployment is taking the gilt off the gingerbread of democracy, while the working classes realise that striking is useless since nothing would be more welcome to employers.

The "commands in a loud, bold voice" came from none other than Adolf Hitler.

Any historians of Germany want to chime in?