> I believe German reparations were shielded/unaffected from inflation It was all much more complicated than that. Hyperinflation wasn't intended as a simplist

> I believe German reparations were shielded/unaffected from inflation It was all much more complicated than that. Hyperinflation wasn't intended as a simplistic way to repay reparations. It had a number of motivations. For one thing, Germany also had alot of private debt outstanding. And from the perspective of the exacerbated Allies, the most important motivation behind hyperinflation was to drive the Allies back to the negotiating table; which it did. Except the renegotiations proved a mixed bag for Germany, giving them enough breathing space to standup their economy (not long after hyperinflation, Germany had a surfeit of foreign investments), but nonetheless leaving the political albatross of reparations in place. The basic point is that Germany didn't naively step into hyperinflation. For the most part it was strategic and temporary--it only lasted a few years, after all.