Alex Tabarrok

Hyperinflation and the rise of Hitler

Blog Post created by Alex Tabarrok on Dec 11, 2015

Originally posted on December 4, 2009.

 

In Modern Principles we strive to use modern examples to illustrate and apply theory thus we use Zimbabwe as our example of hyperinflation, rather than the more traditional example of 1923 Germany. The German hyperinflation of 1923 is still relevant, however, for understanding history.

 

The PBS series, The Commanding Heights, has lots of great material for an economics class. The first two minutes of the episode shown below drive home the point that hyperinflation destroyed the savings of the middle class and prepared the way for Hitler.

 

For copyright reasons, the YouTube version embedded below has more images than the official PBS version that you can find at the link above.

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