Early Weimar output fell billions of times less than its currency inflated. Hyperinflation here as elsewhere had next to nothing to do with industrial output and everything to do with the unreliability of fiat central banking. To pin it on output is far removed from reality:https://twitter.com/izakaminska/status/950813749564321792 …
There were choices and much better ones: e.g. straightforwardly default on an unpayable debt. Returning to a trust-minimized monetary metal standard would have incentivized such straightforward behavior. Instead savers & pensioners who trusted fiat were defrauded.
