Talk:Inflation in the Weimar Republic: Difference between revisions
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===Discount window=== | ===Discount window=== | ||
This article completely ignores how the central bank discount window was open to most businessmen. | |||
They could present a note and receive 95% of face value, | |||
the note wouldn't be due for 30 days. | the note wouldn't be due for 30 days. | ||
See The Black Obelisk by Erich Maria Remarque | See The Black Obelisk by Erich Maria Remarque | ||
The printing of paper money didn't cause the inflation, | |||
the fact that the presses couldn't keep up with DEMAND should make that obvious. | the fact that the presses couldn't keep up with DEMAND should make that obvious. | ||
The DEMAND was the monetization of private business debts | |||
which the central bank facilitated. | which the central bank facilitated. | ||
[[Special:Contributions/199.27.128.191|199.27.128.191]] 00:37, 12 February 2012 (MSK)11 Feb 2012 | [[Special:Contributions/199.27.128.191|199.27.128.191]] 00:37, 12 February 2012 (MSK)11 Feb 2012 | ||
Revision as of 14:58, 13 February 2012
Things to find
- Gaettens mentions, without explicitly specifying, that the German government had large wasteful expenses in 1919, presumably with the creation of new offices and organizations.
- The Reichsbank refused to allow "value-stable" bank accounts until 1923.
Anybody knows more about these topics?
Potential resources:
- When Money Dies: The Nightmare of the Weimar Hyper-inflation by Adam Fergusson
- Some sources.
It would be also great to have more detail on the suffering caused by the hyperinflation, better than just saying "it was bad". Pestergaines 04:38, 23 March 2011 (CDT)
- Mises writes on the topic as well - good for a section about the speculations that the Germans did it on purpose. Pestergaines 18:38, 6 May 2011 (MSD)
Discount window
This article completely ignores how the central bank discount window was open to most businessmen.
They could present a note and receive 95% of face value, the note wouldn't be due for 30 days.
See The Black Obelisk by Erich Maria Remarque
The printing of paper money didn't cause the inflation, the fact that the presses couldn't keep up with DEMAND should make that obvious.
The DEMAND was the monetization of private business debts which the central bank facilitated. 199.27.128.191 00:37, 12 February 2012 (MSK)11 Feb 2012