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 …
Replying to @C1aranMurray
Tribute is a kind of colonization-lite. And if not payable, not so lite. Fostering undeserved trust is the methodology of con artists, and I'd say that applies to both imperial German war spending and republican Weimar banking.
6:52 PM - 9 Jan 2018
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