“It’ll Be A Miracle If Widespread Monetary Disaster Does Not Ensue” – Critical Monetary Lessons From Germany

“Germany suffered two currency collapses in the last century, in 1920-23 and1945-48. The architect of the recovery from the former, Hjalmar Schacht, chose to cooperate with the Nazi successors to the Weimar Republic, and failed. In that of the second, Ludwig Erhard remained true to his free market credentials and succeeded. While they were in different circumstances, comparisons between the two events might give some guidance to politicians faced with similar destructions of their state currencies, which is a growing possibility.”



This book was written clearly showing that the German currency was going to collapse; and it did soon after the book was published:

Book: The Theory of Money and Credit–Mises

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