People don't 'run the printers' for funsies: there are usually extraneous reasons why it happens (including a good portion of what the US (and most other countries) recently experienced).
> Now think about that – did 6 different governments [including Weimar Germany], all within a 4 year time period [in the 1920s], and all bordering each other and/or in the same post WWI region and intellectual/political climate (with the seeds of the some of the farthest right and farthest left regimes in all of history within them that would lead to WWII just ~18 years later)—
> Did all of a sudden this little world region and precise time period and intellectual milieu decide to just start spending like crazy? At the same time? While the rest of the world did not?
> Or did they share the same underlying, and preceding, set of problems discussed above?
> As a counterpoint to your one example re: money supply and inflation, I would present the following: https://en.wikipedia.org/wiki/Hyperinflation#Notable_hyperin...
People like to point out money supply/printing and inflation (cause of), but often fail to ask what caused the money printing in the first place:
* https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1799102
People don't 'run the printers' for funsies: there are usually extraneous reasons why it happens (including a good portion of what the US (and most other countries) recently experienced).
> Now think about that – did 6 different governments [including Weimar Germany], all within a 4 year time period [in the 1920s], and all bordering each other and/or in the same post WWI region and intellectual/political climate (with the seeds of the some of the farthest right and farthest left regimes in all of history within them that would lead to WWII just ~18 years later)—
> Did all of a sudden this little world region and precise time period and intellectual milieu decide to just start spending like crazy? At the same time? While the rest of the world did not?
> Or did they share the same underlying, and preceding, set of problems discussed above?
* https://clintballinger.com/2021/01/12/the-myth-of-hyperinfla...
* https://clintballinger.com/2019/05/24/the-autocorrelation-of...
Further, in modern financial systems money is mostly created by banks creating credit:
* https://www.pragcap.com/stop-with-the-money-printing-madness...
* https://advisoranalyst.com/2014/01/09/cullen-roche-the-ten-b...
* https://rationalreminder.ca/podcast/132