The Mystery of Inflation (Pocketbook Pain!)
Jimmy Akin's Mysterious World
00:00
How Did Vimar Germany Get Out of Hyper Inflation?
The wimar republic cured their initial round of hyper inflation in 19 23 by getting rid of the german papier mark and replacing it with a new currency called the renton mark. Another occurred just after world war two when the allies were running the german economy, and they'd imposed a bunch of policies that caused inflation to go out of control. People stopped using money and reverted to barter as a means of economic exchange.
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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.
