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>As devastating as the German inflation was, there were three hyperinflations that made the German case look amateurish Well, even though Hungary and Zimbabwe

by kolbe 9y ago

>As devastating as the German inflation was, there were three hyperinflations that made the German case look amateurish Well, even though Hungary and Zimbabwe had larger currency depreciation, I think the fact that neither ended with the Holocaust makes Germany's "worse"

openasocket 9y ago
That sounds like "post hoc ergo propter hoc" to me
- kolbe 9y ago
  And you have a perfect method of attributing causality in the social sciences? If this monetary crisis wasn't used as a tool to fuel antisemitism in Germany, I will eat my shoe.
  - openasocket 9y ago
    You could at least provide some evidence and supporting examples. Your comment just said that one followed the other. I'm criticizing your argument, not your conclusion (though I do think your conclusion is a bit of a stretch, but that gets into a whole other argument about what it really means for one event to cause another, is the Arch Duke's driver getting lost REALLY the cause of WWI or would it have happened anyway due to some other reason a few months later because Europe was such a powder keg, yadda yadda yadda).
    - andruby 9y ago
      I didn't dive into this deeper, but that's at least how it was being thought at school here in Belgium (~year 2000). Summarized from memory: At the end of the 1st world war, Germany was given a huge fine. The Deutsche Mark, deliberatly or not, devalued a lot. The large recession and poverty gave the opportunity for facism and the Nazi party to gain popularity. After the 2nd world war the allied forces realized that giving Germany a huge fine had been a mistake, and thus they didn't repeat that after the 2nd world war.
  - mdemare 9y ago
    During the period Hitler came to power, there was deflation, not inflation. Inflation means your saving go to zero. Deflation means your mortgage and mortgage payments stay constant, while your salary and the price of your home falls by X% per year.
    - dnautics 9y ago
      how does your salary fall during deflation?
zwerdlds 9y ago
German Hyperinflation ended in 1923. The earliest dates put the Holocaust starting at 1933.
yk 9y ago
Hyperinflation in 1923, Hitler in 1933, that is ten years later. In that ten years Hitler was imprisoned, wrote Mein Kampf, reorganized the party worked on building paramilitary forces and the party started its rise in 1929. On the other hand the Weimar republic did stabilize at least from 1924 to 1928. So there does not seem to be an obvious connection between the two events, aside from Weimar's general instability.

by kolbe 9y ago

openasocket 9y ago

That sounds like "post hoc ergo propter hoc" to me

kolbe 9y ago
And you have a perfect method of attributing causality in the social sciences? If this monetary crisis wasn't used as a tool to fuel antisemitism in Germany, I will eat my shoe.
- openasocket 9y ago
  You could at least provide some evidence and supporting examples. Your comment just said that one followed the other. I'm criticizing your argument, not your conclusion (though I do think your conclusion is a bit of a stretch, but that gets into a whole other argument about what it really means for one event to cause another, is the Arch Duke's driver getting lost REALLY the cause of WWI or would it have happened anyway due to some other reason a few months later because Europe was such a powder keg, yadda yadda yadda).
  - andruby 9y ago
    I didn't dive into this deeper, but that's at least how it was being thought at school here in Belgium (~year 2000). Summarized from memory: At the end of the 1st world war, Germany was given a huge fine. The Deutsche Mark, deliberatly or not, devalued a lot. The large recession and poverty gave the opportunity for facism and the Nazi party to gain popularity. After the 2nd world war the allied forces realized that giving Germany a huge fine had been a mistake, and thus they didn't repeat that after the 2nd world war.
- mdemare 9y ago
  During the period Hitler came to power, there was deflation, not inflation. Inflation means your saving go to zero. Deflation means your mortgage and mortgage payments stay constant, while your salary and the price of your home falls by X% per year.
  - dnautics 9y ago
    how does your salary fall during deflation?

zwerdlds 9y ago

German Hyperinflation ended in 1923. The earliest dates put the Holocaust starting at 1933.

yk 9y ago

Hyperinflation in 1923, Hitler in 1933, that is ten years later. In that ten years Hitler was imprisoned, wrote Mein Kampf, reorganized the party worked on building paramilitary forces and the party started its rise in 1929. On the other hand the Weimar republic did stabilize at least from 1924 to 1928. So there does not seem to be an obvious connection between the two events, aside from Weimar's general instability.