There could be a reason for this Bill

Bill Kruse says:
July 16 2021 at 2:01 pm
On the subject of money printing, indeed; mention it and everyone shouts Weimar and no-one riposts with Rentenmark. Can it be coincidence we are so poorly educated?

The point of the Rentenmark being to put a hard – and believable – limit on money issuance. Which isn’t quite the MMT point you want to make now, is it?

2 thoughts on “There could be a reason for this Bill”

  1. Bloke in North Dorset

    I’ve just started reading November 1918: The German Revolution (it arrived this morning). In the preface the author says he chose 1923 as the end of the revolution and although he doesn’t say it directly the success of the Rentenmark was the key to ending the revolution. The economy was stabilised and this took away a lot of Hitler’s propaganda and the failure of the Hitler’s beer hall putsch in Munich.

    That gave the Weimar Republic the breathing space it needed, although it didn’t last long.

  2. The Adam Fergusson book ‘When money dies’ says that within a year of the von Schackt reforms, Germany was running a balanced budget with the Rentenmark. Cool. But we must not run balanced budgets according to the Snippatifosi.

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