Economy Parallels Weimar Inflation Bitcoin

Economy Parallels Weimar Inflation Bitcoin

Technology
December 14, 2021 by mvp00
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In the early 1920s, the value of the papiermark (the native currency of the Weimar Republic of Germany) lost almost all of its purchasing power, causing tremendous instability within Weimar for many years as society tried to wrestle with the fact that tomorrow’s money was worth less than it was today. Day after day, the
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In the early 1920s, the value of the papiermark (the native currency of the Weimar Republic of Germany) lost almost all of its purchasing power, causing tremendous instability within Weimar for many years as society tried to wrestle with the fact that tomorrow’s money was worth less than it was today. Day after day, the currency was worth less and less, ultimately becoming a worthless piece of paper.

Children playing with the hyperinflated papiermark (Source).

Children playing with the hyperinflated papiermark (Source).



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