Germans are terrified of inflation. German politicians (and their colleagues in the euro zone) understand this, though mostly they ignore it as they try and steer their way out of the euro crisis. By the end of "The Downfall of Money" it is clear why these fears are so deeply embedded. At the root of the trauma lie the events of 1923, when the German currency plummeted from 7,500 Reichsmarks to the dollar to a rate of 2.5 trillion.
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