John Maynard Keynes on the Ruhr occupation and German hyperinflation in 1923-4
brucemillerca.substack.com
The famous, much-cited, but often very-poorly-if-at-all understood "hyperinflation" in Germany of 1923-4 was a product of the First World War and its immediate aftermath. The Versailles Treaty imposed punishing reparations on Germany and drastic restrictions on its international commerce and its capacity for economic development.
John Maynard Keynes on the Ruhr occupation and German hyperinflation in 1923-4
John Maynard Keynes on the Ruhr occupation…
John Maynard Keynes on the Ruhr occupation and German hyperinflation in 1923-4
The famous, much-cited, but often very-poorly-if-at-all understood "hyperinflation" in Germany of 1923-4 was a product of the First World War and its immediate aftermath. The Versailles Treaty imposed punishing reparations on Germany and drastic restrictions on its international commerce and its capacity for economic development.