Memories of Weimar

The German Chancellor remembers that "[u]nder the German parliamentary governmental system known as the Weimar Republic, Germans faced hyperinflation in the 1920s that destroyed savings and drove many people into poverty" — How German History Shapes Obama-Merkel Rift.

"Germans are thus particularly attuned to the dangers of inflation – and particularly wary of fiscal policy that they fear could bring it about, says the author. "As Mr. Obama prints, let us all remember that "the period of hyperinflation is considered a significant factor in the emergence of the National Socialist German Workers’ Party."

[link via A conservative blog for peace]