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john70t john70t is online now
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Join Date: Aug 2001
Location: midwest
Posts: 40,493
I am far from an economist or historian but I took a different read for the downward spiral of the Weimar currency.

It could even be argued that the central banking of the Weimar Republic intentionally overprinted to turn the economy and society into chaos, to undermine it's own country, but that is a separate conversation entirely.

Just as the Zimbabwe and Venezuelan Mexican and Israeli(which was reset how many times?) were not success stories so is our current situation. These example demonstrate the Achillies Heel of spending our way out of a depression without the real backing of industry and a country ready and motivated to produce real goods.

The 'value' of the USD or 'inflation' turned into a vertical plot beginning with the fed and especially after WW2.
(Value should be called deflation actually which is where it becomes confusing. Its pegged to international currency.)
Call it either. I can't purchase a brand new VW camper bus for $800-$2,400 anymore.

I have read the Reichsmark was pegged to the value of one hours work for a worker. And it remained a consistent value. That was probably what turned an economy around from being on the brink of total collapse to becoming the regional powerhouse of industry. Lending and spending were carefully controlled as well. Personal graft was not taken lightly and the system worked for the good of society.
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Meanwhile other things are still happening.
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