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How Did Wymar Inflation Shape Economic Thought and Policy?
Wymar inflation had a big impact on economists at the time. It causes a kind of crisis within liberal, broad enlightenment, liberal tradition. People like hik and kans were very much sempatico in 19 12, 19 13. Hyk was enamored with the glories of the sort of pre war austrian empire. Canes comes to believe that governments need to support their economies. And howitt comes to believe that it's this irresponsible spending of the the german government on social welfare programmes which invited the catastrophe to begin with. They have totally opposite s of what the source of the hyper inflation was.