Economy Parallels Weimar Inflation Bitcoin

Economy Parallels Weimar Inflation Bitcoin

Within the early Twenties, the worth of the papiermark (the native foreign money of the Weimar Republic of Germany) misplaced virtually all of its buying energy, inflicting super instability inside Weimar for a few years as society tried to wrestle with the truth that tomorrow’s cash was price lower than it was right this moment. Day after day, the foreign money was price much less and fewer, finally changing into a nugatory piece of paper.

Children playing with the hyperinflated papiermark (Source).

Kids taking part in with the hyperinflated papiermark (Source).

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