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Old 10-25-2012, 08:04 AM   #1
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History repeats

http://www.businessinsider.com/weima...y-2012-10?op=1

A country with more debt than it could ever repay:
"As February of 1922 approached, it became clear that Germany wouldn't be able to make its reparation payment"

Manipulated unemployment rates:
"...the official unemployed figure was low, and only 375,000 people were on the dole."

Try to use inflation to fight unemployment:
"He justified inflation as the means of guaranteeing full employment, not as something desirable but simply as the only course open to a benevolent government."


"To say that inflation caused Hitler, or by extension that a similar inflation elsewhere than in a Weimar Germany could produce other Right or Left wing dictatorships, is to wander into quagmires of irrelevant historical analogy...On the other hand, the vast unemployment of the early 1930s gave Hitler the votes he needed."
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Old 10-25-2012, 08:09 AM   #2
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For a detailed historical account of the Weimar period, see here:
http://www.pmbug.com/forum/f4/book-e...dy-weimar-479/
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