2010-05-20

The German hyperinflation

The reason to study history is to see the future.

"The German people had no idea that anything was wrong."

The German people,just before the rise of Hitler, had no idea there was a problem with their economy. It took nine years, between 1914 and 1923, for the German mark to fall to one "trillionth" of its value. Only then did the German people wake up.

While inflation was rising, the people were excited, business boomed, and jobs were plentiful. Then the whole thing crashed - and Hitler came to power in 1933.

Please do not act like the German people did a hundred years ago, and leave your future up to the government. THat is why Hitler came to power.

Related: Point of No Return