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RE: things they taught you in school that were literally FALSE

in #learning7 years ago (edited)

. The Weimar Republic collapsed because people lacked confidence in the markets

This small tidbit in my history textbook about the Weimar Republic and money printing has pissed me off ever since I read about it and learned properly about how central banks and inflation works. They claimed that the government tried to print money to 'boost confidence in the markets' but it 'didn't work' and that was it, that was their explanation for a government whose incompetence gave rise to Hitler. When in reality it was their hyper inflationary policies and constant money printing that was a major cause in him being able to get power in the first place, they fucking covered it up in a school textbook.

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whoa interesting, nice add