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> Hyperinflation is too long ago to remember. Germans use cash much more than the average Western European. The memory of hyperinflation and bank system collap
by tin7in 7y ago
> Hyperinflation is too long ago to remember.
Germans use cash much more than the average Western European. The memory of hyperinflation and bank system collapse is one of the explanations why people prefer to store value in currency (often foreign currency) and not trust so much a bank or card issuer.
- majewsky 7y agoAlso, in West Germany, the Deutsche Mark (1948-2002) is strongly associated with the post-war economic boom. It's still a common rhetoric among conservative populists to argue for a return to the good old times ^W Mark.
- new2628 7y agoI don't think it is just a "common rhetoric", but rather a common mainstream truth that the change from the Mark to the Euro (which can be kept weaker) allows German companies to export cheaply while making people's salaries and savings worth less.