Thursday, September 22, 2011

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.


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:

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