Avery Goodman

Why Our Credit Crunch Mirrors the Weimar Hyperinflation from 1919-1923

On the other hand, a terrorist attack might actually have the opposite effect of prolonging the avoidance of hyperinflation. This is why I have pointed out, in the article, that no two historical events are ever alike. But, there remains a frightening parallel between the credit/debt situation of Wiemar Germany vs. the USA, as well as the behavior of the Reichsbank in 1918 and early 1919, in reaction to the post-war "credit crisis" and the behavior of the Federal Reserve, now, in response to this "credit crisis."