A Helpful Reminder That Everything You Were Taught is Wrong

Matt Yglesias had a good post this morning about the sort of dumbed down cause -> effect common wisdom that gets tossed around at all levels of education and historical analysis.  In this case, he takes aim at the old chestnut we all learned in high school about the poor Germans in the Weimar Republic running around with wheelbarrows full of paper marks to buy a loaf of bread and how that hyperinflation made all the Germans toss up their hands and say “hey, why don’t we give this Hitler guy a try?” I understand that this is an accurate recounting of German folk history, but I wish people recounting it would note that Germans sort of misremember what happened. The hyperinflation of 1919-1923 was bad, but there’s a reason charts of it end in 1923, namely that the democratic government of Germany managed to tame the problem and in […]