I'm suggesting deflationary contractions, but okay. Note that deflationary contractions in 1930 sucked because we didn't have solid supply chains, modern agriculture, liquid asset markets turbocharged with rapid information interchange etc. Might be worth trying in the 20X0s
weimar republic created hyperinflation, in response to deflation, and so at best its a second order effect with a not so subtle intervening policy that was the primary target of the backlash
Yes, dnautics is confused. In the early 20s Germany hyperinflated to pay reparations, they subsequently became allergic to inflationary policy, and then when the deflationary wave of the Great Depression hit in the late 20s they were allergic to the correct policy response, so they let deflation bite, and a certain Austrian fellow rode that pain into power.
I'm suggesting deflationary contractions, but okay. Note that deflationary contractions in 1930 sucked because we didn't have solid supply chains, modern agriculture, liquid asset markets turbocharged with rapid information interchange etc. Might be worth trying in the 20X0s
The populist blowbacks from that were a major cause of the second world war.
weimar republic created hyperinflation, in response to deflation, and so at best its a second order effect with a not so subtle intervening policy that was the primary target of the backlash
I thought it was monetizing fiscal deficits due to WW1 war reparations payable only in gold?
Yes, dnautics is confused. In the early 20s Germany hyperinflated to pay reparations, they subsequently became allergic to inflationary policy, and then when the deflationary wave of the Great Depression hit in the late 20s they were allergic to the correct policy response, so they let deflation bite, and a certain Austrian fellow rode that pain into power.