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Focusing on the German hyperinflation of 1923, the book challenges the prevailing view that inflationary policies were beneficial to post-World War I Germany. Niall Ferguson highlights the detrimental effects of hyperinflation on the economy, arguing it weakened bourgeois society and undermined the Weimar welfare state without alleviating reparations. He explores the long-standing political and economic flaws that prevented alternative stabilization policies, linking these issues to the eventual rise of the Third Reich and the failures of the Weimar Republic.
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Paper and Iron, Niall Ferguson
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- Pubblicato
- 2007
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