German hyperinflation was not caused by deliberate anti-slump monetary stimulus.

Evidence

Yet, it seems an odd argument to make when the classic case of hyperinflation haunting the policy memory of Europe’s most powerful country was singularly not caused by a deliberate monetary stimulus attempting to arrest an economic slump. — Mark Blyth, Austerity, 163

Categorization

  • XREF: Connects to Mattei and broader austerity literature on how historical memory of Weimar hyperinflation is weaponized to justify austerity. — connects to: German hyperinflation was unrelated to the later austerity that enabled fascism — Mark Blyth, Austerity: The History of a Dangerous…, 556; 1920s German hyperinflation stemmed from WWI debt financing, not stimulus — Mark Blyth, Austerity: The History of a Dangerous…, 162; Germany’s postwar boom was financed by money creation, not foreign aid — Fanny Pigeaud_ Ndongo Samba Sylla, Africa’s Last Colonial Currency, 143 (+1 more)
  • QUESTION: What exactly caused the hyperinflation beyond reparations — public spending, wage payments to occupied territories, reparations themselves?

Broader Connections