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Charlemagne: Between two nightmares

economist.com (1 year and 10 months ago)

Jun 14, 2012

A STAMP collection in Berlin’s German Historical Museum sums up what, to many Germans, is the price of economic recklessness. A Weimar-era postage stamp worth five pfennigs in 1920 doubled in price the following year, then jumped to ten marks in 1922. It cost 30 marks in January 1923, 1,000 marks in May and 800,000 marks in October. By the end of 1923, sending a letter took ten billion marks. Next to this “document of an insane era”, the... full story

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