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Here's a simpler form of the quiz: why did the printed money NOT just go to pay debt held by foreginers? How did it end up making the price of bread unaffordable?
Because the foreign debt was not repayable with the local currency-the ability to inflate the debt away was very specifically not allowed. Later the...French and Belgium took over the major production areas to seize goods to pay the war reparations. This later led to the strike I mentioned and the even worse inflation.
There have been a few posts in this thread that attribute economic problems to liberals and using a large subset of the population as a scapegoat for what they themselves don't understand. That isn't a constructive argument.
Now granted there are some that don't understand but I sure wish the "liberals" would re-find their balls here.
Because the foreign debt was not repayable with the local currency-the ability to inflate the debt away was very specifically not allowed. Later the...French and Belgium took over the major production areas to seize goods to pay the war reparations. This later led to the strike I mentioned and the even worse inflation.
That didn't answer the question, although the 'strike' had an effect.
Now granted there are some that don't understand but I sure wish the "liberals" would re-find their balls here.
There are many that don't understand; quibbling amongst one another in this thread only makes them believe they do.
The people in charge re-finding their balls will result in them losing their elected office. Castrated politicians will be with us until the campaign finance system is reformed, but that's another matter.
There are many that don't understand; quibbling amongst one another in this thread only makes them believe they do.
The people in charge re-finding their balls will result in them losing their elected office. Castrated politicians will be with us until the campaign finance system is reformed, but that's another matter.
So you are saying that "liberals" are at fault (also) because they are going to refuse to do anything.
That didn't answer the question, although the 'strike' had an effect.
But a strike doesn't create runaway inflation.
Go read above. This is a different question.
The "runaway" inflatino was cause by MASSIVE WW I debts that could not be inflated away since they were in foreign currency, added together the three war bond reparations were 260% of Germanys GDP. (arguably 100% if you ignore the C bonds that were more of a negotiation point.....)
At the same time many Germans effectively boycotted paying taxes as the repayment of the war reparations was not supported by the general public. Tax income plummeted. Then a lot of austerity government was demanded and implemented.
Basically this could not have been handled worse by the people looking for war reparations-unless your goal was to crush Germany. In the end it backfired.
It means quit feeding Wall Street trillions of dollars.
I really don't know.
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