The Weimar situation was an extreme exception

来源: dividend_growth 2006-12-03 19:46:31 [] [旧帖] [给我悄悄话] 本文已被阅读: 0 次 (599 bytes)
回答: Greenfield, a friend sent me this oneit8882006-12-03 18:39:04
It happened because Germany lost the World War I and was forced to pay huge indemnities. To make matter worse, the French occupied Germany's industrial heart, the Ruhr Region. Germans carried out passive resistance and stopped producing anything for the French, while the Government agreed to pay all the workers in the Ruhr Region. The consequence was a huge supply of paper money and an acute shortage of goods. From that point on, inflation took off.

The Russian hyper inflation after 1991 was also pretty bad. As late as 1997, Russians were happy to keep inflation rate under 7% a month.

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yes, and one of important reasons to make their case worse: -纳荣木兰- 给 纳荣木兰 发送悄悄话 纳荣木兰 的博客首页 (274 bytes) () 12/03/2006 postreply 19:56:05

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