100 Years Ago Today: The End of German Hyperinflation
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100 Years Ago This Week, German Hyperinflation Ended – Infinite Unknown
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(MISES) – On 15 November 1923 decisive steps were taken to end the nightmare of hyperinflation in the Weimar Republic: The Reichsbank, the German central bank, stopped monetizing government debt, and a new means of exchange, the Rentenmark, was issued next to the Papermark (in German: Papiermark). These measures succeeded in halting hyperinflation, but the…