this post was submitted on 07 Jan 2025
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One thing about this, is that inflation peaking or stabilizing does not undo the previous years of inflation. Just because prices are no longer rising out of control, doesn't mean that people's wages suddenly catch up with the price hikes which have already happened. It's part of the reason consumer confidence can lag so far behind top line economic numbers. While the hyperinflation of the 1920's may not have directly caused the rise of the NSDAP, it's lingering effects and resentment caused by it, likely played some role.