In 1923, at the most fevered moment of the German hyperinflation ... and a wheelbarrow full of money would not even buy a newspaper. Most Germans were taken by surprise by the financial tornado.

Unfortunately, that idea backfired. It led to skyrocketing hyperinflation, economic breakdown, weaker institutions, and a destabilization of German politics. The key thing to remember here is that ...

Remember that the German hyperinflation took place between 1922 and 1923, after wartime inflation (1914-1918) and postwar reparations debacle had gradually degraded the country’s finances and ...