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#304: The Ghost That Haunts Europe's Debt Crisis

#304: The Ghost That Haunts Europe's Debt Crisis

Planet Money vor 14 Jahren

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In Germany, a cab driver can quote you the inflation rate off the top of his head. A big bank has a contest to guess how much a basket of groceries will cost in 10 years. And a newspaper editor says: "There are two things in German psyche that are important: monetary stability, and soccer."On today's show, Caitlin and Zoe report from Germany, where the fear of inflation runs deep. It goes back to the years after World War I, when Germany experienced one of the most catastrophic bouts of hyperinflation in the history of the world — an economic disaster that helped lay the groundwork for the rise of the Nazis.