Monetary Lessons From The Two Great German Currency Collapses Of The 20th Century

Germany experienced it twice in the last century. The first time paved the way for a dictatorship ten years later. The second had a more enduring legacy, making Germany one of the two most economically powerful nations in recent years, at least until the bureaucrats and planners won, folding the deutsche mark into the new euro. For politicians seeking to navigate their way through what is lining up to be the greatest credit crisis since the 1930s, the lessons from the German experience are salutary