See Just How Insane Germany's Hyperinflation In The 1920s Was In This Astonishing Chart
Dec 19, 2014, 19:34 IST
The Eurozone is about to fall into deflation, but this amazing graphic from Goldman Sachs' researchers shows it's not the first time that the country's had some pretty amazing issues with its money.
Advertisement
In fact, using a 10-year moving average, Germany and Europe's current troubles are barely visible. The country's post-WWI hyperinflation actually breaks the chart. The inflation was so severe that at the time, doctors thought that it caused a mental illness in which patients couldn't stop writing zeroes.
According to This Time Is Different, a book by economists Carmen Reinhart & Kenneth Rogoff, inflation peaked at over 200 billion percent - billion with a "b" - in 1923.
