Thanks to @tuurdemeester, a quote from an analysis of the Weimar inflationary depression:
The inflation retarded the crisis for some time, but this broke out later, throwing millions out of employment. At first inflation stimulated production because of the divergence between the internal and external values of the mark, but later it exercised an increasingly disadvantageous influence, disorganizing and limiting production. It annihilated thrift; it made reform of the national budget impossible for years; it obstructed the solution of the Reparations question; it destroyed incalculable moral and intellectual values. It provoked a serious revolution in social classes, a few people accumulating wealth and forming a class of usurpers of national poverty, whilst millions of individuals were thrown into poverty. It was a distressing preoccupation and constant torment of innumerable families; it poisoned the German people by spreading among all classes the spirit of speculation and by diverting them from proper and regular work, and it was the cause of incessant political and moral disturbance. It is indeed easy enough to understand why the record of the sad years 1919-23 always weighs like a nightmare on the German people.
TED talk notes #5, John Lloyd: What’s invisible? More than you think
Saturday November 07, 2020
Gravity is weakest and least understood of 4 fundamental forces (strong force, weak force, nuclear) We can’t see consciousness Sufi masters say they’re all telepaths Initially we thought there were 100K genes, continually revised downward, now think only 20K genes By contrast, rice has 38K genes (!) Every cell in your body is replaced at […]
11 Maintenance Tips To Keep Your Car In Great Condition
Tuesday November 03, 2020
For most people, purchasing a car is a major decision as a new car can end up costing as much as $40,000! Anyone shelling out such a significant amount would want their vehicle to perform optimally for as long as possible. Unlike a smartphone, upgrading a car within a short period of time is neither […]
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