Ritschl, Albrecht - In: Wirtschaftsdienst : Zeitschrift für Wirtschaftspolitik 103 (2023) 2, pp. 90-93
Germany’s hyperinflation resulted from a confluence of several factors, all of which contributed to a temporary breakdown in state capacity and to unsustainable public sector deficits. Wartime debt deflated by 90% already in 1920. Informal wage indexation and failure to enforce collection of a...
