The Weimar Republic known for dramatic hyperinflation. Even if you google "weimar republic _deflation_" emphasis mine, the first hit is https://en.m.wikipedia.

The Weimar Republic known for dramatic hyperinflation. Even if you google "weimar republic _deflation_" emphasis mine, the first hit is https://en.m.wikipedia.org/wiki/Hyperinflation_in_the_Weimar_Republic https://en.m.wikipedia.org/wiki/Hyperinflation_in_the_Weimar... > A loaf of bread in Berlin that cost around 160 Marks at the end of 1922 cost 200,000,000,000 Marks by late 1923. I was not previously familiar with the events you referenced. It sure seems like the Chancellor made very poor choices when the Great Depression began, perhaps because he was terrified of inflation happening again.