
The Mystery of Inflation (Pocketbook Pain!)
Jimmy Akin's Mysterious World
00:00
What Happened With the Weimar Hyper Inflation?
The weimar republic was a democracy, but it pursued really bad economic policies. These were caused in part by the bad situation that the republic found itself in at the end of world war one. A variety of factors caused so much pain that it made people desperate any one who could offer a solution. And that's when hitler appeared and took advantage of the situation. So the weimar republic is an example of how even a democracy can act so foolishly that it erodes the currency to the point that people are willing to embrace the totalitarian gime.
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Transcript

Listeners have noticed that when Jimmy Akin mentions how much something cost in the past, he says it's due to "inflation the government has caused." Now he and Dom Bettinelli are going to explain why he says that, what inflation is, why it happens, and why Jimmy says the government is responsible.
