Inflation (eBook, ePUB)
Ein deutsches Trauma
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Inflation is back. Billions spent by the state to deal with the coronavirus, energy policy transformation and the historical turning point or >Zeitenwende< are driving currency devaluation. After a long phase of price stability, is a similar danger looming as was the case 100 years ago? Inflation was and still is not just a practical financial topic, but also a highly emotional one. It leads to declining confidence in the state and its ability to maintain order - with all of its negative consequences. Klaus-Wilhelm Hornberg vividly describes an exciting chapter in German history, from inflatio...
Inflation is back. Billions spent by the state to deal with the coronavirus, energy policy transformation and the historical turning point or >Zeitenwende< are driving currency devaluation. After a long phase of price stability, is a similar danger looming as was the case 100 years ago? Inflation was and still is not just a practical financial topic, but also a highly emotional one. It leads to declining confidence in the state and its ability to maintain order - with all of its negative consequences. Klaus-Wilhelm Hornberg vividly describes an exciting chapter in German history, from inflation=s creeping emergence during the First World War to the hyperinflation of 1922/23. Documents and accounts by contemporary witnesses illustrate the social consequences. There are parallels to the present day, but also clear differences. What lessons can be learned from history?
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