A short history lesson on hyperinflation

Spotted at peakoil.com :

German Wholesale Price Index:

July 1914
1.0

Jan 1919
2.6

...

July 1923
194,000.0

Nov 1923
726,000,000,000.0

I chipped in with :

http://www.theoildrum.com/node/2660/201028

"If you study the German Hyperinflation, January 1918 through November 1923, one stock index share went from 126 to 23,680,000 million in nominal Reichsmarks ... however, if you measure the German stock market during this period in US Dollars (at that time backed in gold) ... the gain of 187,936 million times in Reichsmarks amounted to a 60% loss in US dollars."

(2007-11-12 00:14:10 SGT) [Biz] Permalink

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