Hyperinflation and the potential for Back to the Future

Financial Autonomy - Hyperinflation and the potential for Back to the Future
Financial Autonomy - Hyperinflation and the potential for Back to the Future

Welcome back to another episode in our financial history series. We started with Tulip Mania and the madness of crowds. Then we reviewed the Great Depression and how the lessons learnt continue to have impacts today. One thread of the Great Depression story was the Gold Standard, which we explored in episode 109. An understanding of the Gold Standard is vital to anyone attempting to think through the potential global impacts of Crypto currencies.

This week we look at another moment in financial history – the hyperinflation experienced in Germany during, and especially after, the First World War. It was this experience that made countries so reticent to drop the Gold Standard during the Great Depression. We’re also going to explore why nations today could be planting the seeds for a repeat of this financial disaster.

Prior to World War 1, Europe had experienced its fair share of wars. Germany, under Otto van Bismarck, was pretty accustomed to winning these battles, and through these victories, a template emerged. Go to war, enjoy success, and then have the country you just defeated pay for the whole thing.

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