Neyer, Ulrike; Stempel, Daniel - In: Wirtschaftsdienst : Zeitschrift für Wirtschaftspolitik 103 (2023) 2, pp. 94-97
The German hyperinflation in 1923 was caused by monetary financing of the highly deficient German state budget by a de …-pendent central bank. The social and economic consequences of the hyperinflation were disastrous. Combined with an instable politi …-cal atmosphere, paving the way for the rise of the Nazis, the hyperinflation is deeply etched in the German collective memory. It is …
