What is Nostr?
TheGrinder
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2024-01-26 15:40:50
in reply to nevent1q…gfyd

TheGrinder on Nostr: Which reserve currency would that be? The Weimar Republic in Germany in the '20s ...

Which reserve currency would that be?

The Weimar Republic in Germany in the '20s would be a good example
"Interest rates soared to astronomical levels as the government printed money recklessly to finance its debts, leading to hyperinflation. By November 1923, the interest rate reached an astonishing 900%. This extreme inflationary environment rendered traditional monetary policy ineffective, as the currency rapidly lost value, causing widespread economic chaos."
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