German hyperinflation was unrelated to the later austerity that enabled fascism

Evidence

Germany’s hyperinflation in 1923 had little to do with the austerity policies that followed or their ultimate outcome: the rise of genocidal fascism. Rather, as capital flight hit Germany in the late 1920s, austerity was applied to keep the country on gold, which had the effect of throwing the economy off the proverbial cliff. — Mark Blyth, Austerity, 556

Categorization

• XREF: Counter-intuitive: common narratives tie Weimar hyperinflation to Nazi rise, but Blyth severs that link — relevant to any account of interwar political economy. — connects to: Weimar hyperinflation ended quickly and was succeeded by austerity-triggered collapse. — Mark Blyth, Austerity: The History of a Dangerous…, 527; Repeated austerity and SPD rigidity did more to empower Hitler than inflation memory — Mark Blyth, Austerity: The History of a Dangerous…, 533; Nazi election propaganda attacked austerity and endorsed job creation over capital investment — Mark Blyth, Austerity: The History of a Dangerous…, 532 (+5 more)
• SHARE: For a friend into German economic history — the claim that 1923 hyperinflation had little to do with the 1930s austerity outcome is a good corrective to a common assumption.

Broader Connections

• German hyperinflation was not caused by deliberate anti-slump monetary stimulus. #corroborates (0.85) — Mark Blyth, Austerity, 163
• 1920s German hyperinflation stemmed from WWI debt financing, not stimulus #corroborates (0.82) — Mark Blyth, Austerity, 162
• Austerity in Weimar Germany crippled labor and enabled Nazi takeover #contradicts (0.80) — Clara E. Mattei, Escape from Capitalism, 234
• Cross-party austerity orthodoxy enabled the Nazi electoral rise #contradicts (0.78) — Mark Blyth, Austerity, 556