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In 1871-73, newly unified Germany adopted the gold standard, replacing the silver-based currencies that had been … gold and silver currencies. As a result, silver currencies depreciated sharply, and severe deflation ensued in the gold … block. Why did Germany switch to gold and set the train of destructive events in motion? Both a review of the …
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wie alle Länder der Welt ein reines Papiergeldsystem, in dem neues Geld aus dem Nichts entsteht. Andreas Marquart und …
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Pundits around the world have criticized Germany for either trying to reshape Europe in its image or acting in its own …
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The notion of a nation-specific inflation trauma among the German population is ubiquitous in the public debate in Germany and beyond. Because of its experience with hyperinflation in 1923, the German population fears rising prices and favors stability-oriented monetary as well as fiscal policy....
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