““Although there are many differences between America and post–World War I Germany, history has some economic lessons to teach us. Remember that after World War I, Germany was saddled with huge debts the nation chose to pay through the printing of money, and more money. Not everyone was hurt as a result of this strategy; businesses with huge debts paid them off with essentially worthless pieces of paper. The result, of course, was rapid inflation until the mark became worthless, and many people’s savings were wiped out. The resulting economic collapse paved the way for a strong leader who promised to end the madness, and thus Hitler rose to power.””
