The German Hyperinflation

In preparing for my money and banking lecture for today, I came across these stunning images related to the German Hyperinflation of 1923.

The numbers tell the story.

And because a picture is worth a thousand words:

Such monetary devastation, of course, destroyed the purchasing power of money such that:

German children used bricks of cash as blocks with which to play.

And

People used German Marks as wallpaper.

The frightening thing is that, if the Fed does not figure out a way to smoothly unwind our current massive monetary base,

as the old war poster says: