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How Um Class Played Into Inflation?
Some people have argued that hugo stines was just talking out of self interest, because if he got inflation, it would benefit him. I don't know whether class in germany at this period of time translates as obviously to class in our own moment a as i think we might intuitively want it to. But over this 19 22 period, wages are basically keeping pace with price increases, so people don't feel materially poorer. The people who are really getting screwed are people who have large holdings of assets that are demarcated in the mark. If you can dump your marks for something else, and if you can trade them for gold or other currencies, you can live pretty well