Does anyone know a good book about what the commoner was experiencing and thinking during the Weimar melt up or meltdown however you phrase it ?
Discussion
I don’t have any books that I can recommend on the topic off the top of my head. However I do remember reading something on it several years ago. And what this essay described was that people living in the Weimar Republic initially felt “paper wealthy” and sold assets to accumulate more paper. Then they got rugged as hyperinflation occurred and foreigners were able to step in and buy up swaths of property and other assets at fire sale prices.
But the tldr is: they felt paper rich on the run up, sold off assets to increase their paper wealth and then got rugged by hyperinflation.
Episode drops Friday morning. And we did bring this topic up but I don’t think Lyn mentioned a specific rate.